This compound is primarily utilized in organic synthesis as a building block or intermediate for the development of more complex molecules. Its spirocyclic structure and functional groups make it valuable in medicinal chemistry, particularly in the design and synthesis of pharmaceutical compounds. It is often employed in the creation of drug candidates targeting neurological disorders, due to its potential to interact with biological receptors in the central nervous system. Additionally, its stability and reactivity make it suitable for use in peptide chemistry, where it can serve as a protective group or a scaffold for constructing peptide mimetics. Researchers also explore its applications in the synthesis of heterocyclic compounds, which are crucial in developing agrochemicals and fine chemicals.