This chemical is primarily utilized in the field of organic synthesis, particularly in the development of pharmaceutical compounds. It serves as a key intermediate in the production of various bioactive molecules, including those with potential therapeutic applications. Its unique spirocyclic structure makes it valuable for constructing complex molecular frameworks, often found in drugs targeting neurological and cardiovascular disorders. Additionally, it is employed in the synthesis of peptidomimetics, which mimic peptides and are used in drug discovery to enhance stability and bioavailability. Its versatility in chemical reactions also makes it a useful building block in medicinal chemistry research.