Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of antiviral and antifungal agents. Its structure allows for selective modification, making it valuable in medicinal chemistry for designing bioactive molecules. Also employed in agrochemical research for creating novel pesticides with improved stability and activity. The carboxylic acid group enables easy derivatization into esters, amides, or other functional groups to enhance target binding and pharmacokinetic properties.