This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various pharmaceutical agents. Its structure, featuring a spirocyclic system and a carboxylate group, makes it a versatile building block for developing compounds with potential biological activity. Researchers often employ it in the design and optimization of drug candidates targeting specific enzymes or receptors, particularly in the development of central nervous system (CNS) drugs or anti-inflammatory agents. Its stability and reactivity allow for further functionalization, enabling the creation of diverse chemical libraries for high-throughput screening in drug discovery programs. Additionally, it may be used in the preparation of peptidomimetics, which mimic the structure and function of peptides, aiding in the development of novel therapeutics with improved pharmacokinetic properties.