This compound is primarily utilized in the field of organic synthesis and medicinal chemistry. It serves as a key intermediate in the development of various biologically active molecules, particularly in the synthesis of pyrimidine derivatives. These derivatives are often explored for their potential pharmacological properties, including antimicrobial, antiviral, and anticancer activities. Additionally, the compound's structure allows for further functionalization, making it valuable in the design of novel therapeutic agents and in the study of structure-activity relationships. Its dihydroxy and carboxylate groups also make it a candidate for coordination chemistry, where it can be used to create metal complexes with potential applications in catalysis or material science.