Used primarily as an intermediate in organic synthesis, this compound plays a role in the production of various pharmaceuticals and agrochemicals. It is also employed in the development of polymers and resins, where it acts as a modifier to enhance specific properties such as adhesion and flexibility. Additionally, it finds application in the synthesis of specialty chemicals, including surfactants and lubricant additives, due to its ability to introduce sulfur-containing functional groups into molecules. Its utility in research and industrial processes makes it a versatile component in chemical manufacturing.