Used primarily as a building block in organic synthesis, particularly in the development of pharmaceuticals. Its cyclic ether structure with a carboxylic acid functional group allows for selective modifications, making it valuable in constructing complex molecules. It is often employed in the synthesis of bioactive compounds, including potential drug candidates targeting central nervous system disorders and metabolic diseases. The compound’s structural flexibility and polarity also support its use in creating analogs for structure-activity relationship (SAR) studies.