Used primarily in pharmaceutical research as a key intermediate in the synthesis of antidiabetic agents, particularly in the development of glucokinase activators. Its functionalized structure allows for selective modifications that enhance metabolic stability and target binding affinity. It is also explored in medicinal chemistry for optimizing drug candidates aimed at type 2 diabetes due to its ability to improve glucose homeostasis in preclinical models. Additionally, derivatives of this compound are investigated for their potential in improving pharmacokinetic profiles of active pharmaceutical ingredients.