This chemical is primarily utilized in pharmaceutical research and development, particularly in the synthesis of complex organic compounds. It serves as a key intermediate in the production of various biologically active molecules, including potential drug candidates. Its structure is often exploited in medicinal chemistry to create compounds with specific pharmacological properties, such as enzyme inhibition or receptor modulation. Additionally, it is used in the development of novel therapeutic agents targeting diseases like cancer, neurological disorders, and infectious diseases. Its role in facilitating the construction of spirocyclic frameworks makes it valuable in the design of molecules with enhanced stability and bioavailability.