Widely used as an intermediate in the synthesis of agrochemicals and pharmaceuticals, this compound plays a key role in the development of fungicides and rubber chemicals. Its reactive chloromethyl and thiol groups allow for easy functionalization, making it valuable in creating sulfur-containing heterocyclic compounds. It is also employed in the production of vulcanization accelerators for the rubber industry, improving the curing process and enhancing the durability of rubber products. Additionally, it serves as a building block in medicinal chemistry for developing bioactive molecules with potential antimicrobial and anti-inflammatory properties.