This chemical is primarily utilized in organic synthesis as a versatile intermediate. It is often employed in the preparation of complex molecules, particularly in pharmaceutical research and development. Its structure makes it valuable for constructing spirocyclic compounds, which are crucial in drug design due to their unique three-dimensional properties. Additionally, it serves as a key building block in the synthesis of biologically active compounds, including potential therapeutic agents targeting neurological disorders or infectious diseases. Its application extends to the development of peptidomimetics, which mimic peptides and are used in drug discovery to enhance stability and bioavailability.