Used primarily in organic synthesis, this chemical serves as a key intermediate in the production of various pharmaceuticals and agrochemicals. Its unique structure allows it to act as a building block for more complex molecules, particularly in the development of compounds with specific biological activities. Additionally, it finds application in material science, where it is utilized in the synthesis of advanced polymers and coatings that require specific thiol functionalities. Its role in research and development is significant, aiding in the creation of novel compounds with potential therapeutic and industrial uses.