This compound is primarily utilized in the field of organic synthesis and pharmaceutical research. It serves as a key intermediate in the development of various biologically active molecules, particularly those targeting neurological and psychiatric disorders. Its spirocyclic structure makes it valuable for designing compounds with enhanced binding affinity and selectivity for specific receptors. Researchers often employ it in the synthesis of potential drug candidates, especially in the exploration of treatments for conditions like depression, anxiety, and cognitive impairments. Additionally, its stability and reactivity make it a useful building block in medicinal chemistry for creating complex molecular architectures.