This compound is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting neurological and cardiovascular disorders. Its spirocyclic structure makes it valuable for creating compounds with enhanced stability and specificity. Researchers often employ it in the design of enzyme inhibitors and receptor modulators, leveraging its unique chemical framework to improve drug efficacy and reduce side effects. Additionally, its ester groups provide versatility for further chemical modifications, enabling the development of novel therapeutic agents.