Used primarily in organic synthesis, it serves as a key reagent for introducing dithiol functional groups into molecules. It is particularly valuable in the preparation of chelating agents, which are used to bind metal ions in various industrial and laboratory processes. Additionally, it plays a role in the synthesis of polymers and materials with specific mechanical or chemical properties. In the field of nanotechnology, it is employed to functionalize surfaces of nanoparticles, enhancing their stability and compatibility for applications in drug delivery and imaging. Furthermore, it is utilized in the production of certain pharmaceuticals and agrochemicals, where its dithiol group is essential for the desired biological activity.