This compound is primarily utilized in the field of medicinal chemistry and drug development. It serves as a key intermediate in the synthesis of biologically active molecules, particularly those targeting specific enzymes or receptors in therapeutic applications. Its unique spirocyclic structure makes it valuable for designing compounds with enhanced stability and selectivity. Researchers often explore its potential in creating novel drugs for treating conditions such as inflammation, neurological disorders, or cancer. Additionally, its carboxylic acid group allows for further chemical modifications, enabling the development of derivatives with optimized pharmacokinetic properties.