Used as a flavoring agent in the food industry to impart a savory, meaty, or roasted flavor to products like soups, sauces, and snacks. It is also employed in the synthesis of certain pharmaceuticals, particularly in the development of drugs that require thiol functional groups. In organic chemistry, it serves as a building block for creating more complex molecules due to its reactive thiol and ester groups. Additionally, it finds application in the production of agrochemicals, where it acts as an intermediate in the synthesis of pesticides or herbicides.