This compound is primarily utilized in organic synthesis as a versatile intermediate, particularly in the development of complex molecules. Its unique structure, featuring a spirocyclic ring system, makes it valuable for constructing pharmacologically active compounds. It is often employed in the synthesis of chiral molecules due to the presence of the sulfinyl group, which can induce stereoselectivity in reactions. This chemical is also explored in the preparation of heterocyclic compounds, which are essential in drug discovery and material science. Additionally, it serves as a building block in the creation of biologically active spirocyclic derivatives, which are of interest in medicinal chemistry for their potential therapeutic applications.