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 synthesis of heterocyclic compounds, which are essential in drug development. Additionally, it finds application in the preparation of sulfur-containing organic molecules, which are often utilized in the creation of dyes, pigments, and other specialty chemicals. Its reactivity with other organic compounds makes it a versatile building block in research and industrial processes.