This compound is primarily utilized in the field of organic synthesis, particularly as an intermediate in the development of pharmaceuticals. Its unique spirocyclic structure makes it valuable for constructing complex molecules, often serving as a key building block in the synthesis of active pharmaceutical ingredients (APIs). It is commonly employed in the preparation of compounds targeting neurological and cardiovascular diseases due to its ability to mimic certain biologically active structures. Additionally, its stability and reactivity under various conditions make it suitable for use in peptide coupling reactions and other advanced chemical transformations. Researchers also explore its potential in creating novel drug candidates with improved efficacy and reduced side effects.