Used as an intermediate in the synthesis of biologically active pharmaceutical compounds, particularly in the development of antidiabetic agents. Its structure is similar to agonists of the PPARγ receptor, which plays a key role in regulating glucose and lipid metabolism. It also serves as a scaffold in laboratory research for designing antimicrobial and anti-inflammatory drugs, enabling the creation of more effective and selective derivatives. Additionally, it is utilized in the research and development of new heterocyclic compounds with potential therapeutic properties.