This chemical is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of complex pharmaceutical compounds. Its unique spirocyclic structure makes it valuable for designing molecules with specific biological activities, particularly in the development of central nervous system (CNS) drugs. Researchers often employ it to create analogs that target receptors or enzymes involved in neurological disorders, such as anxiety, depression, or neurodegenerative diseases. Additionally, its ester and carboxylate groups provide versatile sites for further chemical modifications, enabling the creation of diverse derivatives for drug discovery and optimization. Its application is also seen in the study of stereochemistry and chiral synthesis, where it serves as a model compound for understanding the impact of stereoisomerism on drug efficacy and safety.