This compound is primarily utilized in organic synthesis as a versatile intermediate for the development of more complex chemical structures. Its unique thiopyran ring combined with an ester functional group makes it valuable in the preparation of pharmaceuticals, particularly in the synthesis of compounds with potential therapeutic properties. It is also explored in the field of agrochemicals for creating novel pesticides or herbicides due to its reactive nature. Additionally, it serves as a building block in materials science for designing polymers or specialty chemicals with specific properties. Researchers often leverage its structure to study ring-opening reactions and other transformations in synthetic chemistry.