This chemical is primarily used in organic synthesis, particularly as an intermediate in the production of pharmaceuticals and agrochemicals. Its structure, featuring a thioether and ester group, makes it valuable for constructing more complex molecules. It is often employed in the development of compounds with potential biological activity, such as antimicrobial or antifungal agents. Additionally, it can be utilized in research settings to study reaction mechanisms involving sulfur-containing compounds. Its versatility in chemical transformations makes it a useful building block in synthetic chemistry.