The two-dimensional (2D) material PbSnS2, a type of transition metal dichalcogenides (TMD), is a highly anisotropic layered compound with potential applications in ultrafast optics. We prepared PbSnS2 nanosheets by liquid phase exfoliation, attached them to microfibers to fabricate saturable absorbers (SAs) by optical deposition method, and successfully applied them to a passive erbium-doped fiber laser (EDFL). In addition, the saturable absorption properties of PbSnS2-based SA were confirmed using a balanced two-detector measurement system. The results demonstrate that the PbSnS2-based SA can realize different stable mode-locked states in the same EDFL cavity, including fundamental frequency conventional soliton and 15th harmonic mode-locked states. Among them, the laser produced fundamental frequency mode-locked state with a signal-to-noise ratio of 59.51 dB (6.58 MHz repetition frequency). The HML pulse with a maximum repetition frequency of 98.71 MHz (corresponding to the 15th harmonic) was obtained. The results demonstrate that PbSnS2 is a candidate material for generating ultrafast pulses and has excellent potential for application in ultrafast lasers.