This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of bioactive molecules. It serves as a key intermediate in the creation of compounds that target neurological disorders, such as depression and anxiety, due to its structural similarity to certain neurotransmitters. Additionally, it is employed in the development of drugs that modulate the central nervous system, offering potential therapeutic benefits for conditions like chronic pain or cognitive impairment. Its spirocyclic structure also makes it a valuable building block in organic chemistry for designing complex molecules with specific biological activities.