Used in organic synthesis as a building block for creating complex molecules, particularly in pharmaceuticals and agrochemicals. It serves as a key intermediate in the production of compounds with potential therapeutic properties, such as inhibitors for enzymes or receptors. Its thiol group allows for versatile chemical modifications, making it valuable in drug discovery and development. Additionally, it is employed in the synthesis of ligands for catalysis and in materials science for functionalizing surfaces or polymers. Its applications also extend to research in biochemistry, where it aids in studying protein interactions and modifications.