This chemical is primarily used in organic synthesis, particularly in the field of medicinal chemistry. It serves as a key intermediate in the development of pharmaceuticals, especially in the synthesis of compounds targeting various diseases. Its boronic acid group makes it valuable in Suzuki-Miyaura cross-coupling reactions, a widely used method for forming carbon-carbon bonds. This reaction is crucial in creating complex molecules for drug discovery. Additionally, its unique spirocyclic structure can contribute to the stability and bioavailability of the resulting compounds, making it useful in designing drugs with improved pharmacokinetic properties. It is also explored in the development of enzyme inhibitors and other bioactive molecules.