This compound is primarily utilized in the pharmaceutical industry as an intermediate in the synthesis of active pharmaceutical ingredients (APIs). It plays a crucial role in the development of drugs targeting cardiovascular diseases, particularly hypertension. Its structural features make it a key component in the production of angiotensin II receptor antagonists, which help in managing high blood pressure by blocking the action of angiotensin II, a hormone that constricts blood vessels. Additionally, its unique spirocyclic structure contributes to the stability and bioavailability of the final drug product, enhancing therapeutic efficacy.