This chemical is primarily used in the synthesis of organic compounds, particularly in the development of pharmaceuticals and agrochemicals. It serves as a key intermediate in creating molecules with potential biological activity, such as inhibitors for specific enzymes or receptors. Additionally, it is employed in the production of dyes and pigments due to its ability to form stable aromatic structures. Its fluorine and thiol groups make it a versatile building block in medicinal chemistry, enabling the introduction of specific functional groups into target molecules. It is also utilized in material science for the modification of surfaces or the creation of specialized polymers.