This chemical is primarily used in organic synthesis as a versatile intermediate for the construction of complex molecular structures. Its unique spirocyclic framework and functional groups make it valuable in the development of pharmaceuticals, particularly in the synthesis of biologically active compounds. The iodine moiety allows for further functionalization through cross-coupling reactions, enabling the creation of diverse chemical entities. Additionally, its tert-butyl protecting group enhances stability during synthetic processes, making it a useful reagent in multi-step reactions. It is often employed in the preparation of spirocyclic compounds, which are of interest in drug discovery due to their potential therapeutic applications.