Used in the synthesis of pharmaceuticals, particularly in the development of drugs targeting cardiovascular diseases and neurological disorders. It serves as a key intermediate in the production of cysteine derivatives, which are essential for creating antioxidants and detoxifying agents. This compound is also employed in peptide synthesis, aiding in the formation of peptide bonds and the modification of amino acids. Additionally, it finds application in research studies focused on understanding the role of thiol groups in biochemical processes. Its use in organic chemistry extends to the preparation of complex molecules for medicinal and industrial purposes.