Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals and agrochemicals. Its thiol group makes it valuable for creating sulfur-containing compounds, which are often utilized in medicinal chemistry for drug development. Additionally, it is employed in the synthesis of specialty chemicals, including fragrances and flavors, due to its ability to introduce specific aromatic and sulfur-based functional groups. In material science, it can be used to modify surfaces or create polymers with enhanced properties. Its applications also extend to research laboratories, where it is utilized in studies involving sulfur chemistry and organic reactions.