Used as a key intermediate in the synthesis of biologically active compounds, particularly in pharmaceuticals targeting central nervous system disorders. It serves as a building block for thiazole-based drugs due to its ability to enhance metabolic stability and binding affinity. Commonly employed in the development of anticonvulsant and anti-inflammatory agents. Also utilized in agrochemicals for designing novel pesticides with improved efficacy. Its hydroxyl group allows for easy functionalization, making it valuable in medicinal chemistry for structure-activity relationship studies.