This chemical is primarily utilized in the field of organic synthesis as a key intermediate for the development of more complex molecules. Its unique spirocyclic structure makes it valuable in the construction of pharmacologically active compounds, particularly in the design of drugs targeting the central nervous system. The compound is often employed in the synthesis of heterocyclic frameworks, which are essential in medicinal chemistry for creating molecules with potential therapeutic effects. Additionally, its ester functional groups provide versatility for further chemical modifications, enabling researchers to tailor its properties for specific applications in drug discovery and development.