Used as an intermediate in the synthesis of pharmaceuticals and agrochemicals due to its aromatic and sulfur-containing structure. Its phenolic and thioether functional groups make it suitable for use in the development of antioxidants and UV stabilizers in polymers. Also employed in the preparation of liquid crystals and organic semiconductors, where the sulfur atom enhances electronic properties. Additionally, it serves as a building block in the creation of more complex sulfanyl-containing compounds for research in medicinal chemistry.