Used primarily in pharmaceutical research and development, this compound serves as a key intermediate in the synthesis of various bioactive molecules. Its structure is particularly valuable in the design of drugs targeting neurological disorders, such as Alzheimer's disease and depression, due to its spirocyclic framework, which enhances binding affinity to specific receptors. Additionally, it is employed in the creation of protease inhibitors, which are crucial in treating viral infections like HIV and hepatitis C. Its versatility also extends to the development of small molecule therapeutics for cancer, where it aids in modulating cellular pathways. The compound’s stability and reactivity make it a preferred choice in medicinal chemistry for constructing complex molecular architectures.