Used as an intermediate in organic synthesis, particularly in the preparation of pharmaceuticals and biologically active compounds. It plays a role in the development of drugs targeting metabolic disorders, including insulin sensitizers for diabetes management. Also utilized in the synthesis of heterocyclic compounds due to its stable five-membered ring structure containing both sulfur and nitrogen. Employed in research settings for developing new antimicrobial and anti-inflammatory agents. Its reactivity makes it valuable in forming complex molecules through ring-opening or substitution reactions.