Used as a key reagent in organic synthesis, particularly in the preparation of dithiolethiones and related sulfur-containing heterocycles. It serves as a building block for developing materials with nonlinear optical properties. Also employed in the synthesis of conductive organic salts and radical cations used in electronic and electrochemical applications. Shows potential in coordination chemistry as a ligand for transition metals, forming complexes with unique redox behavior. Investigated for its antioxidant and chemopreventive properties in biological systems, suggesting possible pharmaceutical applications.