Used in the synthesis of various pharmaceuticals, particularly in the development of compounds with potential therapeutic properties. It serves as a key intermediate in the production of oxazole-based drugs, which are explored for their antimicrobial, anti-inflammatory, and anticancer activities. Additionally, it is utilized in organic chemistry research for constructing complex heterocyclic structures, aiding in the discovery of new bioactive molecules. Its role in medicinal chemistry highlights its importance in drug discovery and development processes.