Used primarily in the synthesis of pharmaceuticals, this compound acts as a key intermediate in the production of various drugs. It is particularly valuable in the development of compounds targeting neurological disorders, where its structure facilitates the creation of molecules that interact with specific brain receptors. Additionally, it is employed in organic synthesis to introduce thioether functional groups, which are crucial in the design of molecules with enhanced biological activity. Its role in medicinal chemistry also extends to the creation of prodrugs, improving the bioavailability and stability of active pharmaceutical ingredients.