This chemical is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of various complex molecules. Its unique spirocyclic structure makes it valuable for constructing compounds with specific three-dimensional shapes, which are often required in the development of pharmaceuticals and agrochemicals. Additionally, it is employed in the synthesis of heterocyclic compounds, which are crucial in the design of drugs targeting neurological and cardiovascular diseases. The presence of both oxygen and sulfur atoms in its structure enhances its reactivity, enabling it to participate in diverse chemical reactions, including cyclizations and cross-couplings, which are essential for creating biologically active molecules.