Used primarily as an intermediate in organic synthesis, it plays a crucial role in the production of pharmaceuticals and agrochemicals. Its thiol group makes it valuable for creating sulfur-containing compounds, which are often key components in drugs and pesticides. Additionally, it is employed in the modification of polymers to enhance their properties, such as adhesion and flexibility. In research, it serves as a reagent for introducing thiol functionalities into molecules, aiding in the development of new chemical entities. Its application extends to the field of material science, where it is used to synthesize specialized coatings and adhesives with improved performance characteristics.