Used in the development of organic semiconductors and conductive polymers, it plays a key role in creating materials for electronic devices such as organic field-effect transistors (OFETs) and solar cells. Its ability to form self-assembled monolayers on metal surfaces makes it valuable in surface modification and nanotechnology applications. Additionally, it is utilized in the synthesis of advanced materials for sensors, where its thiol groups enable strong binding to metal electrodes, enhancing sensitivity and performance.