This compound is primarily utilized in organic synthesis as a key intermediate for the development of pharmaceuticals. Its structure is particularly valuable in the construction of complex molecules, especially those targeting biologically active compounds. It is often employed in the synthesis of spirocyclic frameworks, which are crucial in drug discovery due to their potential to mimic natural bioactive molecules. Additionally, it serves as a building block in the preparation of inhibitors for enzymes or receptors, contributing to the development of therapeutic agents for various diseases. Its stability and reactivity make it a versatile tool in medicinal chemistry research.