Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the production of antidiabetic drugs such as vildagliptin and saxagliptin. It serves as a building block for constructing pyrazine-based heterocyclic compounds, which are important in medicinal chemistry due to their biological activity. Also employed in the development of agrochemicals and functional materials where nitrogen-containing heterocycles enhance performance. Its hydroxyl group allows for easy functionalization, making it valuable in organic synthesis and drug design.