Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of antidiabetic agents. It plays a significant role in the preparation of DPP-4 inhibitors, which are used to manage type 2 diabetes by enhancing insulin secretion. Its structure allows for efficient derivatization, making it valuable in medicinal chemistry for building active pharmaceutical ingredients. Additionally, it is employed in agrochemical research for developing herbicides and plant growth regulators due to its reactivity and stability in various synthetic pathways.