Used primarily as a surface modifier in nanotechnology, this chemical helps improve the dispersion of nanoparticles in various media, enhancing their stability and functionality. It is also employed in the synthesis of self-assembled monolayers (SAMs) on gold and other metals, which are crucial for creating biosensors and electronic devices. Additionally, it serves as a ligand in the preparation of quantum dots, aiding in controlling their size and optical properties for applications in imaging and display technologies. Its thiol group makes it valuable in creating protective coatings and in the functionalization of materials for specific industrial uses.