This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting neurological and psychiatric disorders. Its structure is often incorporated into the development of spirocyclic compounds, which are known for their potential as modulators of receptors and enzymes in the central nervous system. Additionally, it is used in the preparation of peptide mimetics and other small molecules that can interact with specific protein targets, making it valuable in drug discovery and optimization processes.