Used as a key intermediate in the synthesis of various pharmaceutical compounds, particularly in the development of antidiabetic agents. It serves as a building block in the preparation of pyrazine-based derivatives that exhibit biological activity, including kinase inhibition and antimicrobial properties. Its hydroxyl and ketone functional groups allow for easy modification, enabling the creation of diverse compound libraries for drug discovery. Also employed in research settings to design novel heterocyclic systems for potential therapeutic applications.