Primarily used in organic synthesis, this compound serves as a key intermediate in the preparation of various heterocyclic compounds. It is particularly valuable in the synthesis of thiadiazoles, which have applications in pharmaceuticals and agrochemicals. Additionally, it is employed in the development of corrosion inhibitors for metals, offering protection in industrial environments. Its role in coordination chemistry is also notable, where it acts as a ligand to form complexes with transition metals, useful in catalysis and material science. Furthermore, it finds use in analytical chemistry as a reagent for the detection and quantification of certain metal ions.