Used as an intermediate in the synthesis of pharmaceuticals, particularly in the production of certain antithyroid and antimicrobial agents. It also serves in agrochemical manufacturing, contributing to the development of pesticides and plant growth regulators. Its functional groups allow for easy modification in organic reactions, making it valuable in research laboratories for building more complex molecules. Additionally, it has been explored in the development of specialty polymers and as a reagent in selective sulfur-transfer reactions.