This compound is primarily utilized in the field of medicinal chemistry as an intermediate in the synthesis of pharmaceutical agents. Its unique spirocyclic structure makes it valuable for developing compounds with potential biological activity, particularly in the design of drugs targeting the central nervous system. It is often employed in research to create novel molecules for treating neurological disorders, such as Parkinson's disease or depression, due to its ability to interact with specific receptors in the brain. Additionally, its ester group provides a functional handle for further chemical modifications, enabling the creation of derivatives with optimized pharmacokinetic properties.