This chemical is primarily utilized in the synthesis of complex organic compounds, particularly in pharmaceutical research. It serves as a key intermediate in the development of spirocyclic structures, which are commonly found in bioactive molecules. Its spirocyclic framework is valuable in designing drugs with enhanced stability and specificity, often targeting neurological and metabolic disorders. Additionally, it is employed in the preparation of peptidomimetics, which mimic peptides and are used in drug discovery to improve bioavailability and therapeutic efficacy. Its unique structure also makes it a useful building block in organic chemistry for creating novel compounds with potential applications in material science and catalysis.