This compound is primarily utilized in organic synthesis as a versatile intermediate for the preparation of more complex molecules. It is particularly valuable in the synthesis of heterocyclic compounds, which are often found in pharmaceuticals and agrochemicals. The presence of the methylthio group and the pyrrole ring structure makes it a useful building block for constructing molecules with potential biological activity. Additionally, its chiral center allows for the development of enantioselective compounds, which are crucial in the design of drugs with specific target interactions. Researchers also explore its use in the development of novel materials and catalysts due to its unique structural features.