Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals and agrochemicals. It is particularly valuable in the development of sulfoxide-containing molecules, which exhibit significant biological activity. Additionally, it is employed in asymmetric synthesis due to its chiral sulfinyl group, enabling the creation of enantiomerically pure compounds. Its reactivity also makes it suitable for use in cross-coupling reactions, contributing to the construction of complex organic frameworks.