Used as an intermediate in the synthesis of pharmaceuticals, particularly in the production of certain antidiabetic and anti-inflammatory agents. It serves as a building block in organic reactions where the amino and hydroxyl functional groups allow for derivatization, enabling the formation of more complex molecules. Its structure supports conjugation and substitution reactions, making it valuable in medicinal chemistry for developing bioactive compounds. Also employed in research settings for designing novel drug candidates targeting metabolic and oxidative stress-related disorders.