Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of antiviral and anticancer agents. Its structure, featuring a methylthio group and an ester functionality, allows for easy modification, making it valuable in medicinal chemistry for building active ingredients in drug discovery. Also employed in agrochemicals to create pesticides and herbicides due to its ability to enhance biological activity in target compounds. Commonly utilized in research laboratories for designing new heterocyclic compounds with potential therapeutic effects.