Used primarily in the synthesis of organic compounds, it serves as a key intermediate in the production of pharmaceuticals and agrochemicals. Its thiol group makes it valuable in creating sulfur-containing molecules, which are essential in various therapeutic drugs. Additionally, it is utilized in the manufacturing of flavors and fragrances due to its distinct odor profile. In industrial applications, it acts as a corrosion inhibitor, protecting metal surfaces from degradation. Its reactivity also makes it useful in chemical research for developing new materials and studying reaction mechanisms.