Widely utilized in organic synthesis, it serves as a key intermediate in the production of various sulfur-containing compounds. Its unique structure makes it valuable in the development of pharmaceuticals, particularly in the synthesis of thioamide derivatives, which are essential in drug design. Additionally, it is employed in the preparation of agrochemicals, contributing to the creation of pesticides and herbicides. In material science, it is used to modify polymers, enhancing their properties such as thermal stability and chemical resistance. Its application in catalysis is also notable, where it acts as a ligand or catalyst in various chemical reactions, improving efficiency and selectivity.