This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of biologically active molecules. Its spirocyclic structure makes it a valuable building block for designing drugs, particularly those targeting neurological and psychiatric disorders. It is often incorporated into compounds that interact with receptors in the central nervous system, such as serotonin or dopamine receptors, due to its ability to enhance binding affinity and selectivity. Additionally, it is used in the development of protease inhibitors, which are critical in treating viral infections like HIV and hepatitis. Its stability and unique structural features also make it a candidate for creating novel therapeutic agents with improved pharmacokinetic properties.