This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of novel drug candidates. Its unique structure, featuring a spirocyclic core, makes it a valuable intermediate in the design of molecules targeting various biological pathways. It is often employed in the creation of compounds with potential therapeutic applications, such as enzyme inhibitors or receptor modulators, due to its ability to impart specific stereochemical and functional properties. Additionally, its stability and reactivity under controlled conditions make it suitable for use in medicinal chemistry, where it aids in the exploration of new treatments for diseases.