This compound is primarily utilized in the field of organic synthesis and pharmaceutical research. It serves as a key intermediate in the development of various biologically active molecules, particularly in the synthesis of spirocyclic compounds. Its structure, featuring a spiro ring system, is valuable for creating novel drug candidates with potential therapeutic applications. Researchers often employ it in the design of compounds targeting neurological disorders, as the spirocyclic framework can mimic certain natural substrates in the brain. Additionally, its carbamate group provides stability and versatility, making it suitable for further chemical modifications in drug discovery processes.