Used as an intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the development of fluorinated organic compounds where the fluorine atoms enhance metabolic stability and bioavailability. Its thiol group allows for coupling reactions in the formation of sulfide or disulfide linkages, making it valuable in the design of specialty chemicals and functional materials. Also employed in the preparation of liquid crystals and electronic materials due to the electron-withdrawing effect of fluorine and the polarizable sulfur functionality.