Used as a building block in pharmaceutical synthesis, particularly in the development of drugs with antidiabetic and anti-inflammatory properties. Serves as a core structure in some heterocyclic compounds that show biological activity. Employed in organic synthesis to introduce sulfur- and nitrogen-containing rings into larger molecules. Also utilized in the preparation of chiral auxiliaries and catalysts for asymmetric synthesis. Shows potential in the design of new medicinal agents due to its favorable interactions with biological targets.