This chemical is primarily used as a reversible addition-fragmentation chain transfer (RAFT) agent in polymerization processes. It plays a crucial role in controlling the molecular weight and architecture of polymers, enabling the synthesis of well-defined polymers with specific properties. Its application is significant in producing block copolymers, star polymers, and other complex polymer structures, which are essential in industries like coatings, adhesives, and drug delivery systems. Additionally, it aids in achieving polymers with low polydispersity, enhancing the performance and consistency of the final materials.