This compound is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting therapeutic applications. Its structure, featuring a trifluoromethylthio group, is valuable in medicinal chemistry due to its ability to enhance the metabolic stability and bioavailability of drug candidates. Additionally, it is employed in the preparation of agrochemicals, where it contributes to the development of pesticides and herbicides with improved efficacy. The compound's unique chemical properties also make it useful in organic synthesis for constructing complex heterocyclic frameworks.