Sort of unfortunate to reuse this term which has been a field of study in solid state physics for a very long time:
Electrons have spin. Although 'classical semiconductors' exploit the electron's spin via the Fermi-Dirac distribution in transistors, the actual sign / direction of the 'spin' is ignored in everyday electronics. Making use of this available spin degree-of-freedom opens up a whole wealth of new possibilities.
Spintronics has already revolutionized certain industries (eg, GMR in magnetic hard drives), and there are further open areas of research (eg, spin as qubit basis states in quantum computers).
(I kid of course. Spin in physics relates to inherent angular momentum. If you wonder why that exists, you may also want to wonder why mass exists.)
Addition of quantum angular momentum is really weird.