Used as a key intermediate in the synthesis of antifungal and antiviral agents, particularly in the development of drugs targeting herpesviruses and other DNA viruses. It serves as a building block in heterocyclic chemistry due to its reactive thione and hydroxyl groups, enabling the formation of various derivatives with biological activity. Also employed in the preparation of coordination compounds with metal ions, showing potential in medicinal and catalytic applications. Its derivatives exhibit antimicrobial properties and are studied for use in pharmaceuticals and agrochemicals.