This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of novel drug candidates. It serves as a key intermediate in the creation of biologically active molecules, especially those targeting neurological and psychiatric disorders. Its unique spirocyclic structure makes it valuable for designing compounds with enhanced selectivity and potency for specific receptors or enzymes. Additionally, it is employed in medicinal chemistry to optimize pharmacokinetic properties, such as bioavailability and metabolic stability, of potential therapeutic agents. Its application extends to the development of small molecule inhibitors and modulators for various disease pathways.