This chemical is primarily utilized in controlled radical polymerization processes, particularly in reversible addition-fragmentation chain-transfer (RAFT) polymerization. It acts as a chain transfer agent, enabling the synthesis of polymers with well-defined molecular weights and narrow polydispersity. Its structure allows for efficient control over polymerization kinetics, making it valuable in producing advanced polymeric materials for applications in coatings, adhesives, and drug delivery systems. Additionally, its stability and reactivity under various conditions make it suitable for research and industrial use in developing tailored polymers with specific properties.