This compound is primarily utilized in the field of medicinal chemistry and drug development. It serves as a key intermediate in the synthesis of various pharmacologically active molecules, particularly those targeting the central nervous system. Its unique spirocyclic structure makes it valuable for designing compounds with potential antipsychotic, antidepressant, or anxiolytic properties. Researchers often explore its derivatives for their ability to modulate neurotransmitter receptors or enzymes involved in neurological disorders. Additionally, it has been investigated for its role in developing treatments for neurodegenerative diseases, such as Alzheimer's or Parkinson's, due to its potential to interact with specific biological pathways. Its application extends to the study of novel therapeutic agents, contributing to advancements in neuroscience and mental health research.