Used in organic synthesis as a versatile building block for creating complex molecules, particularly in the preparation of sulfur-containing compounds. It serves as a key intermediate in the development of pharmaceuticals, agrochemicals, and materials with specific functional properties. Its unique structure allows for the formation of cyclic and acyclic derivatives, which are valuable in designing drugs with enhanced biological activity. Additionally, it is employed in asymmetric synthesis to produce chiral compounds, making it useful in the production of enantiomerically pure substances.