This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various pharmaceutical agents. Its unique structure, featuring a spirocyclic framework, makes it valuable for developing compounds with potential biological activity. It is often employed in research aimed at creating new drugs targeting the central nervous system, particularly for conditions like anxiety, depression, or neurodegenerative disorders. Additionally, its piperidine moiety is advantageous for enhancing the pharmacokinetic properties of drug candidates, such as improving bioavailability or metabolic stability. Researchers also explore its use in designing selective receptor modulators due to its ability to interact with specific biological targets.