This chemical is primarily used as a crosslinking agent in the production of polymers and resins, enhancing their mechanical properties and stability. It is also employed in the synthesis of adhesives and coatings, where it improves durability and resistance to environmental factors. Additionally, it serves as a key intermediate in the manufacture of specialty chemicals, including those used in the pharmaceutical and agricultural industries. Its ability to form disulfide bonds makes it valuable in biochemical applications, such as protein modification and stabilization.