This chemical is primarily utilized in the field of organic synthesis, particularly in the development of complex molecular structures. It serves as a key intermediate in the preparation of various spirocyclic compounds, which are often explored for their potential biological activities. Researchers employ it in the synthesis of novel pharmaceuticals, focusing on its ability to introduce specific functional groups into target molecules. Additionally, it is used in the study of chemical reactions involving sulfur and oxygen-containing heterocycles, aiding in the understanding of their reactivity and stability. Its unique structure also makes it a candidate for applications in materials science, where it can be incorporated into polymers or coatings to impart specific properties.