This compound is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of more complex molecules. Its structure, featuring a spirocyclic dioxa-aza system, makes it valuable for constructing pharmacologically active compounds, particularly those targeting neurological or cardiovascular systems. The ester functional group allows for further chemical modifications, enabling the creation of diverse derivatives with potential therapeutic applications. Additionally, its aromatic and carbonyl components make it suitable for use in the development of dyes, pigments, or other materials requiring specific electronic properties. Researchers also explore its role in designing ligands for metal-catalyzed reactions, enhancing efficiency and selectivity in synthetic processes.