Used as an intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the production of certain herbicides and plant growth regulators. It also serves as a building block in organic synthesis for introducing methylthio and carboxylic acid functional groups. Its derivatives are explored in flavor and fragrance compounds due to sulfur-containing moieties contributing to aroma profiles. Additionally, it finds use in the development of specialty polymers and as a reagent in chemical research involving sulfur-based transformations.