Cinnamon is a great natural fungicide. But it won't solve your cactus' problem.
Tarev is right. Your cactus will be better off if you remove the "sore" and let it callus over.
Cacti are incredibly resilient and can survive being cut into pieces and re-rooted (if the pieces are properly callused). It won't be so pretty anymore.
You probably won't need to cut it into pieces. Point is, cinnamon is not the answer.
Daisy