Used primarily in organic synthesis, this compound serves as a key intermediate in the development of various pharmaceuticals and agrochemicals. Its structure allows it to participate in reactions that form complex molecules, particularly those with sulfur-containing functional groups. It is also employed in research to study the reactivity and stability of cyclopropyl and sulfane groups in different chemical environments. Additionally, it has potential applications in the synthesis of novel compounds with biological activity, such as antimicrobial or anticancer agents.