This compound is primarily utilized in pharmaceutical research and development due to its structural properties, which make it a potential candidate for drug discovery. It is often explored for its ability to interact with biological targets, particularly in the development of central nervous system (CNS) therapeutics. Researchers investigate its efficacy in modulating specific receptors or enzymes that play a role in neurological disorders, such as anxiety, depression, or neurodegenerative diseases. Additionally, its unique spirocyclic structure makes it a valuable scaffold in medicinal chemistry for designing novel compounds with enhanced bioavailability and target specificity.