This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various pharmaceutical agents. Its unique spirocyclic structure makes it a valuable building block for designing molecules with potential biological activity. It is often employed in the development of drugs targeting neurological disorders, such as Alzheimer's disease and Parkinson's disease, due to its ability to modulate specific enzymes or receptors in the brain. Additionally, its ester group enhances its stability and bioavailability, making it suitable for further chemical modifications. Researchers also explore its use in creating novel compounds for anti-inflammatory and antimicrobial applications, leveraging its structural versatility to optimize drug efficacy and safety profiles.