This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as an intermediate in the synthesis of more complex molecules, particularly those targeting neurological disorders. The structure of the compound, featuring a spirocyclic moiety and an ester functional group, makes it a valuable building block for developing drugs that interact with specific receptors in the brain. Its application extends to the development of potential treatments for conditions such as anxiety, depression, and other central nervous system-related ailments. Additionally, it is explored in the design of prodrugs, where its chemical properties can enhance bioavailability and stability of active pharmaceutical ingredients.