This compound is primarily utilized in organic synthesis as a key intermediate in the development of pharmaceuticals, particularly in the synthesis of complex molecules with spirocyclic structures. Its unique spirocyclic framework makes it valuable for constructing biologically active compounds, such as those targeting neurological disorders or infectious diseases. The tert-butyl group provides steric protection, enhancing the stability of the molecule during synthetic processes. Additionally, the presence of both hydroxyl and carboxylate functionalities allows for further chemical modifications, enabling its use in the design of drug candidates with improved pharmacokinetic properties.