Used primarily in pharmaceutical research and development, this compound serves as a key intermediate in the synthesis of various biologically active molecules. Its structure, featuring both a mercapto group and a carbamate moiety, makes it valuable for constructing complex drug candidates, particularly those targeting neurological disorders and cancer. Additionally, it is employed in the preparation of peptide mimetics and enzyme inhibitors, where its functional groups facilitate specific binding interactions. In material science, it can be utilized to modify surfaces or create functionalized polymers with tailored properties.