Used primarily in the synthesis of organic compounds, it serves as a key intermediate in the production of pharmaceuticals and agrochemicals. Its thiol group enables it to participate in various chemical reactions, making it valuable for creating complex molecules. Additionally, it is employed in the development of specialty chemicals, including dyes and pigments, due to its ability to modify and enhance color properties. In material science, it is utilized in the preparation of polymers and resins, contributing to improved material characteristics such as durability and flexibility. Its role in research and development extends to the study of sulfur-containing compounds, aiding in the advancement of new chemical entities and technologies.