Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals and agrochemicals. Its unique structure allows it to act as a building block for complex molecules, particularly in the development of drugs targeting specific biological pathways. Additionally, it finds application in material science, where it contributes to the creation of advanced polymers and coatings with enhanced properties. Its thiol group makes it valuable in modifying surfaces or creating cross-linked networks, improving material durability and performance.