Used as a key intermediate in the synthesis of anticoagulant and anti-inflammatory agents. Exhibits strong inhibitory activity against certain serine proteases involved in blood coagulation pathways, making it valuable in developing novel antithrombotic drugs. Also shows potential in medicinal chemistry for designing enzyme inhibitors due to its ability to interact with sulfonamide and lactone moieties in biological targets. Commonly employed in structure-activity relationship (SAR) studies for optimizing pharmacokinetic properties in drug discovery programs.