Used primarily in pharmaceutical research and development, this compound serves as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). Its spirocyclic structure with Boc protection and a hydroxy group is particularly valuable in the creation of complex molecules, often employed in the development of drugs targeting neurological disorders. Additionally, it plays a role in the production of compounds with potential therapeutic applications in mental health treatments. Its versatility in organic synthesis makes it a critical component in the design and optimization of novel drug candidates.