This compound is primarily utilized in the field of organic synthesis and pharmaceutical research. It serves as a key intermediate in the development of complex molecules, particularly those targeting biological pathways. Its structural features, including the spirocyclic and carboxylate groups, make it valuable for designing inhibitors or modulators of enzymes and receptors. Researchers often employ it in the synthesis of potential drug candidates, especially in the exploration of treatments for neurological disorders and cancer. Additionally, its stability and reactivity under various conditions make it a versatile building block in medicinal chemistry.