This compound is primarily utilized in organic synthesis as a versatile intermediate for the development of complex molecules, particularly in pharmaceutical research. It serves as a key building block in the synthesis of spirocyclic compounds, which are often explored for their potential biological activities. Its structure is particularly valuable in the design of drug candidates targeting neurological disorders, as spirocyclic frameworks are known to interact with central nervous system receptors. Additionally, it is employed in the preparation of peptidomimetics, aiding in the creation of compounds that mimic peptide structures for therapeutic applications. Its stability and reactivity make it a useful reagent in medicinal chemistry for constructing diverse molecular architectures.