This chemical is primarily utilized in the field of organic synthesis, particularly in the development of pharmaceutical compounds. It serves as a key intermediate in the production of various biologically active molecules, including potential drug candidates. Its structure is advantageous for constructing complex spirocyclic frameworks, which are often found in molecules with significant therapeutic properties. Researchers leverage its reactivity to create novel compounds targeting diseases such as cancer, neurological disorders, and infectious diseases. Additionally, its stability and compatibility with diverse reaction conditions make it a valuable tool in medicinal chemistry and drug discovery processes.