This compound is primarily utilized in organic synthesis as a versatile building block for the preparation of various heterocyclic compounds. It serves as a key intermediate in the synthesis of thiazole derivatives, which are important in pharmaceutical research due to their biological activity. Additionally, it is employed in the development of agrochemicals, where it contributes to the creation of compounds with pesticidal or herbicidal properties. Its role in the synthesis of sulfur-containing organic molecules makes it valuable in material science, particularly in the production of polymers and coatings with specific functional properties.