This chemical is primarily used in the field of organic synthesis, where it serves as a key building block for the preparation of complex organic molecules. Its dithiol functional group makes it particularly valuable in the development of ligands for metal coordination, which are essential in catalysis and material science. Additionally, it is employed in the synthesis of heterocyclic compounds, which have applications in pharmaceuticals and agrochemicals. The compound is also utilized in the production of specialty polymers and resins, where its unique structure contributes to enhanced material properties such as thermal stability and chemical resistance. In research, it is often used as a precursor for the study of sulfur-containing organic compounds, aiding in the exploration of new chemical reactions and pathways.