Used as an intermediate in organic synthesis, particularly in the preparation of pharmaceuticals and biologically active compounds. Its structure allows for further functionalization, making it valuable in the development of central nervous system agents and anti-inflammatory drugs. Commonly employed in the synthesis of nootropic agents, such as those related to piracetam analogs, due to the presence of the oxoacetamide core. Also utilized in research settings for building heterocyclic compounds and exploring structure-activity relationships in medicinal chemistry.