Used as a key intermediate in the synthesis of pharmaceutical agents, particularly in the development of central nervous system (CNS) active compounds. Its spirocyclic structure and functionalized ring system make it valuable for constructing complex heterocycles with potential neuroprotective or neuromodulatory effects. The compound is also employed in medicinal chemistry research to explore structure-activity relationships in drug candidates targeting neurological disorders. Its ester groups allow for easy modification, enabling the formation of amides or other derivatives for biological evaluation.