This compound is primarily utilized in the field of organic synthesis as a key intermediate in the production of complex molecules, particularly in pharmaceutical research. Its structure, featuring a spirocyclic system and a hydroxyl group, makes it a valuable building block for constructing biologically active compounds. It is often employed in the development of drugs targeting neurological disorders, as the spirocyclic framework can mimic certain natural structures found in the brain. Additionally, the tert-butyl ester group provides stability and ease of manipulation during synthetic processes, enabling chemists to modify the molecule for specific applications. Its role in medicinal chemistry is significant, contributing to the creation of potential therapeutic agents.