Used primarily in the synthesis of pharmaceuticals and agrochemicals, it serves as a key intermediate in the production of various compounds. Its thiol group enables it to act as a building block for creating molecules with specific biological activities. Additionally, it is employed in the preparation of organic dyes and pigments, contributing to the vibrant colors in industrial applications. In material science, it is utilized in the modification of polymers to enhance their properties, such as adhesion and flexibility. Its reactivity also makes it valuable in research and development for exploring new chemical reactions and pathways.