Used primarily in the field of polymer chemistry, this compound serves as a crosslinking agent due to its ability to form disulfide bonds. It is particularly valuable in the production of rubber and elastomers, where it enhances the material's durability and resistance to heat and chemicals. Additionally, it finds application in the synthesis of specialized adhesives and sealants, contributing to their flexibility and strength. In the realm of nanotechnology, it is utilized to functionalize surfaces and nanoparticles, aiding in the development of advanced materials with tailored properties. Its role in biochemical research includes acting as a precursor for synthesizing compounds that mimic natural biological molecules, facilitating studies in protein structure and function.