Used as a key intermediate in the synthesis of various pharmaceuticals, particularly in the development of drugs targeting cardiovascular diseases and hypertension. It is also employed in the production of certain agrochemicals, where it acts as a building block for compounds that protect crops from pests and diseases. In the field of material science, it serves as a precursor for creating polymers with specific properties, such as enhanced durability and flexibility. Additionally, it is utilized in research laboratories for studying thiol-based reactions and their applications in organic chemistry.