Used as an intermediate in pharmaceutical synthesis, particularly in the development of bioactive molecules and heterocyclic compounds. Its spirocyclic structure and functional groups make it valuable for constructing complex ring systems found in drug candidates. Commonly employed in medicinal chemistry for modifying solubility, stability, and binding properties of potential therapeutics. Also utilized in the preparation of kinase inhibitors and central nervous system agents due to its favorable conformational rigidity and compatibility with various coupling reactions.