This chemical is primarily utilized in the pharmaceutical industry as an intermediate in the synthesis of complex organic compounds. It plays a crucial role in the development of active pharmaceutical ingredients (APIs), particularly in the creation of spirocyclic structures, which are often found in drugs targeting neurological and cardiovascular diseases. Its unique spirocyclic framework makes it valuable for designing molecules with specific biological activities. Additionally, it is employed in research and development for exploring new drug candidates, contributing to advancements in medicinal chemistry.