Used as an intermediate in the synthesis of pharmaceuticals, particularly in the development of thiazole-based drugs which exhibit antimicrobial, anti-inflammatory, and antiviral properties. Commonly employed in agrochemical formulations for the production of pesticides and fungicides due to the bioactive nature of the thiazole ring. Also utilized in research settings for the preparation of heterocyclic compounds in medicinal chemistry. Its ester functionality allows for easy modification, making it valuable in building more complex molecules.