Used as a key intermediate in the synthesis of thiazolidinedione-class antidiabetic drugs, particularly in the production of insulin sensitizers like pioglitazone and rosiglitazone. It contributes to the formation of the active pharmaceutical ingredient by providing the core thiazolidine structure that enhances glucose uptake and improves glycemic control in type 2 diabetes. Also employed in research for developing new compounds with potential metabolic regulatory effects.