Used as a reagent in organic synthesis, particularly in the preparation of tetrazole derivatives, which are valuable in medicinal chemistry for their bioisosteric properties. It serves as a key intermediate in the development of pharmaceuticals, including potential drugs targeting hypertension, inflammation, and bacterial infections. Additionally, it is employed in the synthesis of agrochemicals and materials science for creating polymers with specific properties. Its thiol group makes it useful in click chemistry and bioconjugation applications, enabling the formation of stable covalent bonds with other molecules.