Used in pharmaceutical research as a key intermediate for synthesizing bioactive molecules, particularly in the development of antimicrobial and antitumor agents. Its disulfide and hydrazide functional groups enable strong interactions with biological targets, making it valuable in drug design. Also employed in the preparation of heterocyclic compounds due to its ability to undergo cyclization reactions. Shows potential in coordination chemistry as a ligand for metal ions, aiding in the study of catalytic and enzymatic processes.