This chemical is primarily utilized in organic synthesis as a versatile intermediate for the preparation of complex spirocyclic compounds. Its structure, featuring both an iodine atom and a benzyl group, makes it a valuable building block in the development of pharmaceuticals, particularly in the synthesis of bioactive molecules targeting neurological disorders. The iodine moiety allows for further functionalization through cross-coupling reactions, while the spirocyclic framework is often explored for its potential in drug design due to its conformational rigidity and ability to mimic natural structures. Additionally, it serves as a precursor in the synthesis of ligands for catalytic systems, contributing to advancements in asymmetric catalysis.