Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of drugs with anti-inflammatory and antimicrobial properties. Its functional groups enable conjugation in organic reactions, making it valuable in creating complex molecules for medicinal chemistry. Also applied in polymer science as a chain transfer agent in controlled radical polymerization, helping to regulate molecular weight and structure of synthesized polymers. Its thiocarbonyl group enhances reactivity in thiol-ene click chemistry, useful in bioconjugation and material science applications.