This compound is primarily utilized in the field of organic synthesis, particularly as an intermediate in the development of pharmaceuticals. Its unique structure, featuring a spirocyclic system, makes it valuable for constructing complex molecules, especially those targeting neurological and psychiatric disorders. It is often employed in the synthesis of bioactive compounds, including potential drug candidates for conditions like depression, anxiety, and neurodegenerative diseases. Additionally, its tert-butyl and carboxylate groups enhance its stability and reactivity, making it a versatile building block in medicinal chemistry research.