This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of biologically active molecules. Its spirocyclic structure makes it a valuable scaffold for developing novel pharmaceutical agents, particularly in the design of drugs targeting neurological disorders. The compound's unique chemical framework allows for the exploration of diverse pharmacological activities, including potential applications in the treatment of anxiety, depression, and other central nervous system-related conditions. Additionally, its structural complexity and functional groups enable further derivatization, making it a versatile building block in drug discovery and optimization processes.