This compound is primarily utilized in the field of organic synthesis, where it serves as a versatile intermediate for the development of complex molecules. Its unique structure, featuring a spirocyclic system and a carboxylic acid group, makes it valuable in the construction of pharmacologically active compounds. Researchers often employ it in the design and synthesis of novel drug candidates, particularly those targeting neurological and metabolic disorders. Additionally, its incorporation into materials science has been explored, where it contributes to the development of advanced polymers with specific mechanical or chemical properties. The compound’s reactivity and structural complexity also make it a useful tool in studying reaction mechanisms and developing new synthetic methodologies.