Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals and agrochemicals. Its benzodithiolate structure makes it valuable in the development of ligands for metal complexes, which are utilized in catalytic processes. Additionally, it finds application in material science, particularly in the creation of organic semiconductors and conductive polymers. Its unique properties also make it suitable for research in the field of coordination chemistry, where it aids in studying the behavior of metal-ligand interactions.