Used as an intermediate in organic synthesis, particularly in the development of pharmaceuticals and agrochemicals. Its structure allows for functionalization in cross-coupling reactions, making it valuable in the preparation of complex molecules. The thiol group can act as a ligand in metal-catalyzed reactions or be modified to form thioethers, contributing to the design of sulfur-containing bioactive compounds. Also finds use in materials science for creating specialty polymers or ligands for catalysts. Additionally, the thiol functionality enables self-assembly on metal surfaces like gold, useful for surface modification in sensors and microelectronics.