Used in pharmaceutical research as a key intermediate in the synthesis of biologically active compounds, particularly in the development of antidiabetic and antimicrobial agents. Its structural framework supports the design of enzyme inhibitors, especially targeting protein tyrosine phosphatases involved in insulin signaling. Also explored in medicinal chemistry for its potential anti-inflammatory and neuroprotective properties. Additionally, serves as a building block in the preparation of thiazolidine-based derivatives for drug discovery and library synthesis.