This compound is primarily utilized in the field of organic synthesis as a versatile building block for the development of complex molecules. It is often employed in the preparation of pharmaceuticals, particularly in the synthesis of spirocyclic compounds, which are known for their diverse biological activities. Its unique structure makes it a valuable intermediate in the creation of drug candidates targeting various therapeutic areas, including central nervous system disorders and infectious diseases. Additionally, it serves as a key reagent in the exploration of novel chemical reactions and methodologies, aiding in the advancement of synthetic chemistry research.