This compound is primarily utilized in organic synthesis as a key intermediate for the development of more complex molecules, particularly in pharmaceutical research. Its structure, featuring a Boc-protected amine and a hydroxyl group, makes it valuable for constructing spirocyclic frameworks often found in bioactive compounds. It is commonly employed in the preparation of drug candidates targeting neurological disorders, as spirocyclic structures are known to enhance binding affinity and selectivity for certain receptors. Additionally, it serves as a building block in the synthesis of peptidomimetics, which mimic peptides and are used in drug discovery to improve stability and bioavailability. Its versatility in chemical transformations also allows for its use in creating libraries of compounds for high-throughput screening in medicinal chemistry.