This compound is primarily utilized in the field of medicinal chemistry as an intermediate in the synthesis of various pharmaceutical agents. Its structure, featuring a spirocyclic indene-piperidine core, makes it a valuable building block for developing molecules with potential biological activity. It is often employed in the design and synthesis of compounds targeting central nervous system disorders, such as anxiety, depression, or neurodegenerative diseases, due to its ability to interact with specific receptors or enzymes in the brain. Additionally, its tert-butyl ester group provides stability and facilitates further chemical modifications, making it a versatile intermediate in drug discovery and development processes. Researchers also explore its use in creating novel therapeutic agents with improved pharmacokinetic properties.