Used primarily in the synthesis of organic compounds, it serves as a key intermediate in the production of certain pharmaceuticals and agrochemicals. Its sulfanyl group makes it valuable in creating sulfur-containing molecules, which are often utilized in drug development for their bioactivity. Additionally, it is employed in the preparation of specialty chemicals, including antioxidants and stabilizers for polymers. In research, it is used to study thiol chemistry and its applications in material science. Its unique structure also allows it to act as a building block in the synthesis of complex organic molecules for various industrial applications.