Used as a building block in organic synthesis, particularly in the preparation of liquid crystal materials for display technologies. Acts as a ligand in metal-catalyzed reactions, facilitating cross-coupling processes in pharmaceutical and agrochemical development. Employed in the synthesis of functionalized thiophene derivatives and conductive polymers for electronic devices. Its thiol group enables surface modification of gold nanoparticles and self-assembled monolayers in sensor applications. Also utilized in the development of specialty polymers with enhanced thermal and oxidative stability.