This compound is primarily utilized in the field of organic synthesis, particularly as an intermediate in the development of pharmaceuticals. Its unique spirocyclic structure makes it valuable for constructing complex molecules, especially those targeting neurological and metabolic disorders. It is often employed in the synthesis of enzyme inhibitors and receptor modulators due to its ability to interact with specific biological targets. Additionally, its stability and reactivity under controlled conditions make it suitable for use in medicinal chemistry research, aiding in the discovery of new therapeutic agents.