This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of novel drug candidates. Its unique spirocyclic structure and functional groups make it a valuable intermediate in the design of molecules targeting central nervous system (CNS) disorders. Researchers leverage its scaffold to develop potential therapeutic agents for conditions such as anxiety, depression, and neurodegenerative diseases. Additionally, its hydrochloride form enhances solubility, making it more suitable for formulation studies and bioavailability optimization. The compound is also explored in medicinal chemistry for its potential to modulate specific receptors or enzymes, contributing to the discovery of new treatments with improved efficacy and safety profiles.