This compound is primarily used in the field of organic synthesis, where it serves as a key intermediate in the production of more complex molecules. Its unique bicyclic structure makes it valuable for constructing specific stereochemical configurations in pharmaceuticals and agrochemicals. Additionally, it is utilized in the development of fragrances and flavoring agents due to its ability to impart distinct aromatic properties. In research, it is often employed as a building block for studying chemical reactions and mechanisms involving sulfur-containing compounds. Its stability and reactivity also make it suitable for use in catalytic processes and material science applications.