This compound is primarily utilized in the field of organic synthesis and pharmaceutical research. It serves as a key intermediate in the development of various therapeutic agents, particularly those targeting cardiovascular and inflammatory conditions. Its structure allows for the incorporation of sulfur-containing groups, which are essential in the synthesis of molecules with potential antioxidant and anti-inflammatory properties. Additionally, it is employed in the preparation of prodrugs, where its acetylthio group can be enzymatically cleaved to release active drug molecules in the body. This chemical is also explored in the design of novel compounds for studying biochemical pathways related to oxidative stress and cellular protection.