Used in organic synthesis as an intermediate for pharmaceuticals and bioactive compounds. Serves as a building block in the preparation of imidazolidinone derivatives, which show potential in medicinal chemistry for antimicrobial, anti-inflammatory, and enzyme inhibitory activities. Also employed in the development of specialty polymers and functional materials due to its reactive carbonyl and ester groups. Its structure allows for further chemical modifications, making it valuable in research settings for designing novel compounds.