This compound is primarily utilized in the field of surface chemistry and nanotechnology due to its unique properties. It is often employed as a self-assembled monolayer (SAM) on gold surfaces, where the thiol group binds strongly to the gold, creating a stable and organized layer. This application is crucial in the development of biosensors, as it provides a platform for immobilizing biomolecules like proteins or DNA, enhancing the sensitivity and specificity of the sensor. Additionally, it is used in the fabrication of microelectromechanical systems (MEMS) and nanoelectromechanical systems (NEMS), where it helps in controlling surface properties such as wettability and friction. The compound also finds use in the modification of nanoparticles, improving their stability and compatibility in various biological and chemical environments.