Used primarily in the synthesis of organic compounds, it serves as a key intermediate in the production of pesticides and herbicides. Its dithiol group makes it valuable in creating metal chelating agents, which are utilized in environmental remediation to bind and remove heavy metals from contaminated sites. Additionally, it finds application in the development of rubber vulcanization accelerators and as a precursor in the manufacture of certain pharmaceuticals. Its unique structure also allows for its use in research and development of new materials with specific electronic or photonic properties.