Used primarily in organic synthesis, this compound serves as a key intermediate in the production of pharmaceuticals and agrochemicals. Its thiol group enables it to act as a nucleophile in various chemical reactions, facilitating the creation of complex molecules. Additionally, it is employed in the development of corrosion inhibitors, where its ability to form protective layers on metal surfaces is highly valued. In material science, it contributes to the synthesis of polymers and coatings, enhancing their durability and performance. Its unique structure also makes it a candidate for research in the field of organic electronics, particularly in the development of conductive materials.