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More compelling feeling of what its like to be at a place
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Visitors to your site stick around longer when there is interactive multimedia content like VRs
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Being able to move between VRs or link to videos drives interest by providing an exploration experience
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Curiosity: labelling of features provides signposts to the scenery which incites curiosity
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Scalability: Many more pixels means a much bigger print can be made from the panorama
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A panorama can be cropped down to a single shot; but a single shot can't be "grown" to a 360, or cropped much
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Multiple uses: panoramas can be experienced as a virtual reality scene or an extraordinary print
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Less filtered: a single shot only shows what the photographer thought was interesting or could fit with the lens he/she had at the moment. With a panorama, you see the whole picture.
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Surprise: It's more fun since you don't know what you'll see as you spin around
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Archive of the Earth: a 360 captures a place at a moment in time far more completely than a single shot.