Used primarily in organic synthesis, it serves as a building block for creating complex molecules. Its thiol group makes it valuable in the preparation of pharmaceuticals, particularly in the development of drugs targeting specific enzymes or receptors. Additionally, it is employed in the production of polymers and resins, where it acts as a cross-linking agent to enhance material properties. In the field of nanotechnology, it is utilized to modify surfaces of nanoparticles, improving their stability and functionality. Its applications also extend to the synthesis of agrochemicals, contributing to the development of pesticides and herbicides.