This chemical is primarily utilized in the field of organic synthesis and pharmaceutical research. It serves as a key intermediate in the development of complex molecules, particularly those with potential therapeutic applications. Its structure is often exploited in the synthesis of spirocyclic compounds, which are valuable in drug discovery due to their ability to mimic natural bioactive molecules. Researchers leverage its unique framework to design and produce novel compounds targeting various biological pathways, including enzyme inhibition and receptor modulation. Additionally, it is employed in the preparation of compounds for studying chemical reactivity and stability in medicinal chemistry.