Used primarily in organic synthesis, this compound serves as an intermediate in the production of various pharmaceuticals and agrochemicals. It is particularly valuable in the development of chiral molecules due to its sulfoxide group, which can influence stereochemistry in synthetic pathways. Additionally, it finds application in research settings for studying sulfur-containing compounds and their reactivity. Its role in asymmetric synthesis is notable, as it helps create enantiomerically pure substances, which are crucial in drug development.