Used in organic synthesis as a reagent for introducing sulfoxide groups into molecules, which is crucial in the development of pharmaceuticals and agrochemicals. It serves as a key intermediate in the production of various sulfur-containing compounds, enhancing their biological activity. Additionally, it is employed in the synthesis of specialty chemicals, where its unique structure aids in creating complex molecules with specific properties. Its role in catalysis and as a building block in material science further highlights its versatility in industrial applications.