This compound is primarily utilized in the field of medicinal chemistry as an intermediate in the synthesis of more complex molecules. Its structure, featuring a spirocyclic system, is particularly valuable in the development of pharmaceutical agents. The presence of both a carboxylate ester and a ketone group allows for further functionalization, making it a versatile building block in drug discovery. Researchers often employ it in the creation of compounds targeting neurological disorders, due to its potential to interact with specific receptors or enzymes in the brain. Additionally, its stability and reactivity under various conditions make it a suitable candidate for use in combinatorial chemistry and high-throughput screening processes.