Used primarily in organic synthesis, this compound serves as a versatile intermediate for the production of various pharmaceuticals and agrochemicals. It is particularly valuable in the synthesis of compounds with sulfur-containing functional groups, which are often crucial for biological activity. Additionally, it finds application in the development of corrosion inhibitors, where its amine and thioether groups contribute to its effectiveness in protecting metal surfaces. Its role in the preparation of surfactants and emulsifiers is also notable, enhancing the stability and performance of formulations in industrial and consumer products.