This compound is primarily utilized in organic synthesis as a key intermediate for the development of complex molecules, particularly in pharmaceutical research. Its unique spirocyclic structure makes it valuable for constructing bioactive compounds, especially those targeting neurological disorders. The ester group enhances its stability, allowing for efficient handling and reactivity in various chemical transformations. Researchers often employ it in the synthesis of potential drug candidates, leveraging its structural features to explore new therapeutic pathways. Additionally, it serves as a building block in the creation of novel chemical entities for biological evaluation.