This chemical is primarily utilized in the field of organic synthesis, where it serves as an intermediate in the production of more complex molecules. Its structure, featuring a spirocyclic moiety and an ester group, makes it valuable for constructing pharmacologically active compounds, particularly those targeting neurological or cardiovascular systems. It is often employed in the development of drugs that require specific binding interactions due to its ability to mimic certain biological structures. Additionally, it finds use in research settings for studying enzyme inhibition or receptor modulation, owing to its potential to interact with biological targets. Its application is also seen in the synthesis of specialty chemicals, where its unique framework contributes to the creation of novel materials or catalysts.