Used as a key intermediate in the synthesis of agrochemicals, particularly herbicides and insecticides, due to its ability to introduce the trifluoromethylthio group, which enhances lipophilicity and metabolic stability in active ingredients. Also employed in medicinal chemistry for developing bioactive molecules, where the trifluoromethylthio moiety improves membrane permeability and binding affinity. Its reactivity allows for efficient functionalization in heterocyclic compounds, making it valuable in the design of new pharmaceuticals and crop protection agents.