Used as a key intermediate in the synthesis of thiazolidinone-based compounds that exhibit significant biological activity, particularly in antidiabetic and antimicrobial research. Its conjugated structure allows for effective electron delocalization, making it valuable in the development of organic semiconductors and optoelectronic materials. Also employed in medicinal chemistry for designing inhibitors targeting specific enzymes such as aldose reductase and α-glucosidase, which are relevant in managing diabetes complications. Additionally, its versatile reactivity supports use in cycloaddition and condensation reactions for building complex heterocyclic systems in drug discovery.