This chemical is primarily utilized in the synthesis of peptides and proteins, where it acts as a stabilizing agent due to its thiol groups. It is also employed in the preparation of metal chelating agents, which are crucial in various industrial processes, including water treatment and the purification of metals. Additionally, it finds application in the production of certain pharmaceuticals, where it contributes to the formation of specific molecular structures essential for drug efficacy. Its ability to form disulfide bonds makes it valuable in the development of cross-linked polymers, enhancing the durability and performance of materials used in coatings and adhesives.