This compound is primarily utilized in organic synthesis as a building block for the development of more complex molecules, particularly in pharmaceutical research. It serves as a key intermediate in the synthesis of biologically active compounds, including potential drug candidates. Its spirocyclic structure is valuable in creating molecules with specific conformational properties, which can be crucial for binding to biological targets. Additionally, it is often employed in the preparation of peptidomimetics, which are compounds designed to mimic the structure and function of peptides, aiding in the study of protein interactions and the development of therapeutic agents.