This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of pharmaceutical agents. Its unique spirocyclic structure makes it a valuable building block for developing molecules with potential biological activity. It is often employed in the design and preparation of compounds targeting neurological disorders, such as anxiety, depression, and cognitive impairments, due to its ability to interact with specific receptors in the brain. Additionally, its ester functional groups allow for further chemical modifications, enabling researchers to optimize the pharmacokinetic and pharmacodynamic properties of drug candidates. The compound’s stability and versatility also make it suitable for use in high-throughput screening and structure-activity relationship (SAR) studies.