This compound is primarily utilized in the field of medicinal chemistry as a building block for the synthesis of various pharmaceutical agents. Its unique spirocyclic structure makes it a valuable scaffold in drug discovery, particularly for designing molecules that target specific proteins or enzymes. It is often incorporated into peptidomimetics, which are compounds that mimic the structure and function of peptides, to enhance stability and bioavailability. Additionally, its functional groups allow for further chemical modifications, enabling the development of novel therapeutic candidates for conditions such as neurological disorders and infectious diseases. Its application extends to research in organic synthesis, where it serves as an intermediate for complex molecular architectures.