This compound is primarily utilized in the field of medicinal chemistry and drug development. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting neurological and cardiovascular disorders. Its structure, featuring a spirocyclic system and ester functionality, makes it a valuable building block for designing compounds with potential therapeutic effects. Researchers often employ it in the creation of novel drugs aimed at modulating specific receptors or enzymes in the body. Additionally, its unique chemical properties make it suitable for use in the development of prodrugs, which can enhance the bioavailability and stability of active pharmaceutical ingredients.