This compound is primarily utilized in the pharmaceutical and chemical research sectors as a key intermediate in the synthesis of complex organic molecules. Its structure, featuring a spirocyclic system and a hydroxyl group, makes it valuable for constructing biologically active compounds, particularly in the development of drugs targeting neurological and cardiovascular disorders. The tert-butyl ester group enhances its stability during synthetic processes, allowing for efficient manipulation in multi-step reactions. Additionally, it serves as a building block in medicinal chemistry for creating novel compounds with potential therapeutic applications.