This compound is primarily utilized in the field of organic synthesis and pharmaceutical research. Its structure, featuring a spirocyclic system and an ester group, makes it a valuable intermediate in the development of complex molecules. It is often employed in the synthesis of potential drug candidates, particularly those targeting neurological or cardiovascular disorders, due to its ability to interact with specific biological receptors. Additionally, the compound is used in the preparation of advanced materials, where its unique chemical properties contribute to the development of polymers or coatings with specialized functionalities. Researchers also explore its role in catalysis, where it may act as a ligand or precursor in catalytic processes.