Used primarily in organic synthesis, this compound serves as a versatile intermediate for developing various pharmaceuticals and agrochemicals. Its unique structure allows it to participate in cyclization and coupling reactions, making it valuable in the creation of complex molecules. Additionally, it is employed in the research and development of new materials, particularly in the field of polymer chemistry, where it can contribute to the synthesis of specialized polymers with tailored properties. Its application extends to the study of reaction mechanisms, aiding in the understanding of chemical processes involving sulfur-containing compounds.