Used primarily in the pharmaceutical industry as a key intermediate in the synthesis of Clopidogrel, an antiplatelet medication. It plays a crucial role in preventing blood clots in patients with conditions like heart disease, stroke, and peripheral vascular disease. The thiolactone form is essential for the efficient production of the active drug, ensuring its effectiveness in reducing the risk of cardiovascular events. Its application is critical in the development of medications that manage and treat thrombotic disorders.