This compound is primarily utilized in pharmaceutical research and development as a key intermediate in the synthesis of biologically active molecules. Its structure, featuring a spirocyclic system and a benzyl group, makes it valuable for constructing complex frameworks in drug discovery. It is often employed in the preparation of compounds targeting central nervous system disorders, such as anxiety, depression, and neurodegenerative diseases. Additionally, its tert-butyl ester group provides stability and ease of manipulation in synthetic pathways, enabling efficient modifications for optimizing drug candidates. Its application extends to the development of enzyme inhibitors and receptor modulators, contributing to advancements in medicinal chemistry.