This compound is primarily utilized in the field of organic synthesis, particularly as a building block for the development of more complex chemical structures. Its trifluoromethylthio group is highly reactive, making it valuable in the creation of pharmaceuticals and agrochemicals. The compound is often employed in the synthesis of active ingredients for drugs targeting various diseases, including anti-inflammatory and antimicrobial agents. Additionally, its unique structure allows it to act as an intermediate in the production of specialty chemicals used in materials science, such as polymers and coatings. Its versatility and reactivity make it a crucial component in research and industrial applications.