Used primarily as a building block in organic synthesis, this compound plays a key role in the production of pharmaceuticals and agrochemicals. Its thiol group makes it valuable for creating sulfur-containing compounds, which are often essential in drug development. Additionally, it serves as a precursor in the synthesis of fragrances and flavors, contributing to the aromatic profiles of various products. In material science, it is employed in the modification of polymers and resins, enhancing their properties for specific industrial applications.