Used primarily as an intermediate in organic synthesis, especially in pharmaceutical and agrochemical manufacturing. Its thiol group and strained cyclopropyl ring make it valuable for constructing complex molecules through cross-coupling reactions or ring-opening transformations. It serves in the development of bioactive compounds where the cyclopropyl moiety enhances metabolic stability. Also employed in flavor and fragrance chemistry due to its sulfur-containing character, contributing to unique odor profiles in trace applications.