This compound is primarily utilized in organic synthesis and pharmaceutical research. It serves as a key intermediate in the development of various biologically active molecules. Its spirocyclic structure is particularly valuable in the design of compounds with potential therapeutic applications, such as enzyme inhibitors or receptor modulators. Researchers often employ it in the construction of complex molecular frameworks due to its unique reactivity and stability. Additionally, it has been explored in the synthesis of novel drug candidates targeting neurological and metabolic disorders. Its ester functionality allows for further chemical modifications, making it a versatile building block in medicinal chemistry.