This compound is primarily utilized in the field of organic synthesis as a key intermediate for the development of various pharmaceutical agents. Its unique structure, featuring both sulfonyl and carboxylate functional groups, makes it valuable in the synthesis of biologically active molecules, particularly those targeting enzymes or receptors in medicinal chemistry. It is often employed in the preparation of heterocyclic compounds, which are essential in drug discovery for their potential therapeutic properties. Additionally, its reactivity allows for further functionalization, enabling the creation of complex molecules with specific biological activities. Researchers also explore its use in agrochemical research for developing novel pesticides or herbicides due to its potential to interact with biological systems in targeted ways.