This compound is primarily utilized in pharmaceutical research and development due to its unique structural properties. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting neurological and inflammatory disorders. Its spirocyclic structure makes it valuable for designing drugs with enhanced stability and specificity. Researchers also explore its potential in creating novel compounds for treating conditions like anxiety, depression, and chronic pain. Additionally, its carboxylic acid group allows for further chemical modifications, enabling the development of derivatives with improved pharmacokinetic properties.