This compound is primarily utilized in the synthesis of complex organic molecules, particularly in pharmaceutical research. It serves as a key intermediate in the development of drugs targeting neurological disorders, due to its spirocyclic structure which can mimic certain biological molecules. Additionally, it is employed in the preparation of peptidomimetics, which are compounds designed to mimic peptides and are used in drug discovery to enhance stability and bioavailability. Its tert-butoxycarbonyl (Boc) protecting group makes it valuable in multi-step synthetic processes, allowing for selective reactions and easier purification.