Used as an intermediate in organic synthesis, particularly in the preparation of pharmaceutical compounds and bioactive molecules. It serves as a building block in the development of hydroxamic acid-based inhibitors, which are important in medicinal chemistry for targeting enzymes such as histone deacetylases (HDACs). These inhibitors have applications in cancer therapy and the treatment of various diseases involving abnormal gene expression. The compound's structure allows for easy functionalization, making it valuable in drug discovery and the synthesis of novel therapeutic agents.