This compound is primarily utilized in the field of medicinal chemistry as an intermediate in the synthesis of biologically active molecules. It serves as a key building block in the development of pharmaceuticals, particularly for creating compounds with potential therapeutic effects on the central nervous system. Its spirocyclic structure is valuable for designing drugs that target specific receptors or enzymes, contributing to the development of treatments for neurological disorders. Additionally, its ester groups make it a versatile precursor for further chemical modifications, enabling researchers to explore a wide range of pharmacological properties.