This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of novel drug candidates. Its unique spirocyclic structure makes it a valuable intermediate in the design of molecules targeting central nervous system disorders, such as anxiety, depression, and neurodegenerative diseases. Additionally, it serves as a key building block in the creation of protease inhibitors, which are critical in the treatment of viral infections like HIV and hepatitis. Its application extends to medicinal chemistry, where it aids in the exploration of new therapeutic agents with improved efficacy and selectivity.