This chemical is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of various pharmaceutical compounds. Its unique spirocyclic structure makes it valuable for constructing complex molecular frameworks, particularly in the development of drugs targeting neurological and cardiovascular diseases. Additionally, it is employed in the synthesis of bioactive molecules and peptidomimetics, which are essential in medicinal chemistry for designing enzyme inhibitors and receptor modulators. Its stability and reactivity also make it suitable for use in research and development processes, aiding in the discovery of novel therapeutic agents.