This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various pharmacologically active molecules. Its unique spirocyclic structure makes it valuable for developing compounds with potential therapeutic effects, particularly in targeting neurological disorders and cardiovascular diseases. Researchers often employ it to create derivatives that can modulate specific biological pathways, such as enzyme inhibition or receptor binding. Additionally, its carboxylic acid group allows for further chemical modifications, enabling the creation of more complex and targeted drug candidates. Its application is also explored in the development of novel anti-inflammatory and analgesic agents, leveraging its structural framework to enhance drug efficacy and selectivity.