Used in the synthesis of pharmaceuticals and agrochemicals as an intermediate due to its functional ester and thioether groups. It serves in the preparation of biologically active molecules, particularly in the development of sulfur-containing compounds with potential therapeutic properties. Also employed in fragrance formulations for its ester-like, fruity odor, contributing to flavor and perfume industries. Its reactivity makes it suitable for organic transformations such as alkylation and nucleophilic substitution reactions.