This compound is primarily utilized in the field of organic synthesis and materials science. Its unique spirocyclic structure makes it a valuable intermediate in the development of complex organic molecules, particularly in the synthesis of heterocyclic compounds. It is often employed in the creation of pharmaceuticals, where its structural framework can contribute to the biological activity of drug candidates. Additionally, its sulfur-containing functional groups make it useful in the preparation of polymers and coatings with specific properties, such as enhanced durability or chemical resistance. Researchers also explore its potential in designing advanced materials for electronic applications due to its ability to form stable, rigid structures.