Used as an intermediate in the synthesis of pharmaceuticals, particularly in the development of antidiabetic and antimicrobial agents. It serves as a key building block in heterocyclic chemistry due to its reactive thiocarbonyl and active methylene groups, enabling the formation of various fused ring systems. Commonly employed in the preparation of thiazole and thiazolidine derivatives, which exhibit biological activity. Also applied in agrochemical research for developing novel plant growth regulators and pesticides. Its structural features make it valuable in medicinal chemistry for designing enzyme inhibitors.