This compound is primarily used in organic synthesis as an intermediate for the development of more complex chemical structures. It is particularly valuable in the pharmaceutical industry for the creation of active pharmaceutical ingredients (APIs) due to its unique spirocyclic and ester functional groups. These features make it suitable for constructing molecules with specific biological activities. Additionally, it is employed in research settings for studying reaction mechanisms and developing novel synthetic pathways. Its stability and reactivity profile allow for versatile applications in medicinal chemistry and drug discovery processes.