This compound is primarily used in the field of materials science, particularly in the development of advanced polymers and coatings. Its unique structure, featuring both thiol and carboxylic acid functional groups, makes it a valuable building block for creating high-performance materials with enhanced mechanical and thermal properties. It is often employed in the synthesis of self-healing polymers, where the thiol groups facilitate dynamic covalent bonding, allowing the material to repair itself after damage. Additionally, it is utilized in the production of corrosion-resistant coatings, where its ability to form strong bonds with metal surfaces improves durability. In nanotechnology, it serves as a linker molecule for functionalizing surfaces or nanoparticles, enabling precise control over material properties. Its applications also extend to organic electronics, where it contributes to the development of conductive and semiconductive materials.