This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various biologically active molecules. Its spirocyclic structure makes it a valuable building block for designing compounds with potential therapeutic effects, particularly in the development of central nervous system (CNS) drugs. Researchers leverage its unique chemical framework to create analogs that can interact with specific receptors or enzymes in the brain, aiding in the treatment of neurological disorders such as anxiety, depression, or neurodegenerative diseases. Additionally, its ester functional group allows for further chemical modifications, enabling the creation of diverse derivatives for drug discovery and optimization.