This chemical is primarily utilized in the field of organic synthesis, where it serves as a versatile intermediate for constructing complex molecular structures. It is particularly valuable in the development of pharmaceuticals, as its unique oxetane ring and sulfonyl group can be leveraged to enhance the biological activity and stability of drug candidates. Additionally, it finds application in material science, where it contributes to the synthesis of polymers with specific properties, such as improved thermal stability or mechanical strength. Its reactivity also makes it a useful component in the preparation of fine chemicals and specialty compounds for industrial applications.