This compound is primarily utilized in the field of organic synthesis and pharmaceutical research. It serves as a key intermediate in the development of various biologically active molecules, particularly those targeting central nervous system disorders. Its unique spirocyclic structure makes it valuable for creating compounds with potential therapeutic properties, such as enzyme inhibitors or receptor modulators. Additionally, it is employed in the synthesis of peptidomimetics, which mimic peptides and are used in drug discovery to enhance stability and bioavailability. Its application extends to the study of novel drug candidates for treating conditions like anxiety, depression, and neurodegenerative diseases.