Used primarily in organic synthesis, this compound serves as a key intermediate in the production of pharmaceuticals and agrochemicals. Its unique structure allows it to act as a building block for more complex molecules, particularly in the development of compounds with potential biological activity. Additionally, it is employed in materials science for the modification of surfaces and the creation of specialized polymers. Its thiol group enables it to form strong bonds with metals, making it useful in the preparation of metal-organic frameworks and other advanced materials.