This compound is primarily utilized in the field of organic synthesis, where it serves as a versatile intermediate. It is often employed in the development of pharmaceuticals, particularly in the synthesis of drug molecules that require a thiopyran ring structure. The presence of the carboxylic acid group allows for further functionalization, making it a valuable building block in medicinal chemistry. Additionally, it is used in the preparation of agrochemicals, where its unique structure contributes to the creation of compounds with specific biological activities. Its application extends to material science as well, where it is incorporated into polymers and coatings to enhance their properties.