Thietan-3-ol is primarily utilized in organic synthesis as a versatile building block for the creation of more complex molecules. Its unique structure, featuring a thietane ring with a hydroxyl group, makes it valuable in the development of pharmaceuticals, particularly in the synthesis of compounds with potential biological activity. It is also employed in the production of agrochemicals, where it serves as an intermediate in the formulation of pesticides or herbicides. Additionally, Thietan-3-ol finds use in materials science, contributing to the synthesis of polymers or specialty chemicals with specific properties. Its reactivity allows for modifications that can tailor the final product for various industrial applications.