This chemical is primarily utilized in organic synthesis as a building block for the development of more complex molecules. It is often employed in the pharmaceutical industry for the preparation of intermediates used in drug discovery and development, particularly in the synthesis of compounds with potential therapeutic activities. The presence of both sulfonyl and hydroxyl groups makes it a versatile reagent for introducing functional groups into target molecules. Additionally, it can be used in the production of specialty chemicals, such as surfactants or polymers, where its unique structure contributes to desired properties like solubility or stability. Its application in research and industrial settings underscores its importance in advancing chemical and pharmaceutical innovations.