This chemical is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of various heterocyclic compounds. Its unique structure, featuring a spiro ring system and a mercapto group, makes it valuable for constructing complex molecules with potential biological activity. It is often employed in the development of pharmaceuticals, particularly in the synthesis of compounds that target enzymes or receptors in medicinal chemistry. Additionally, its reactivity allows it to be used in the creation of novel materials with specific properties, such as polymers or catalysts, in industrial applications. Researchers also explore its potential in agrochemicals for developing new pesticides or herbicides due to its ability to interact with biological systems.