This chemical is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of more complex molecules. Its unique spirocyclic structure makes it valuable for constructing frameworks that are often found in pharmaceuticals and agrochemicals. Researchers leverage its reactivity to develop compounds with potential biological activity, particularly in drug discovery efforts targeting neurological and cardiovascular diseases. Additionally, its ester functional groups allow for further chemical modifications, enabling the creation of diverse derivatives for screening and optimization in medicinal chemistry.