This chemical is primarily utilized in organic synthesis as a reagent for the formation of thioether bonds. It is particularly effective in the preparation of cyclic sulfides due to its ability to act as a sulfur transfer agent. The compound is also employed in the development of pharmaceuticals and agrochemicals, where it aids in the creation of sulfur-containing molecules that exhibit biological activity. Additionally, it serves as a crosslinking agent in polymer chemistry, enhancing the mechanical properties and stability of various polymeric materials. Its application extends to the field of materials science, where it is used to modify surface properties and improve adhesion in coatings and composites.