Widely used in pharmaceutical synthesis, this compound serves as a key intermediate in the production of thiazole-based drugs, particularly antibiotics and antiviral agents. Its structure supports the development of active pharmaceutical ingredients due to the presence of both amino and ester functional groups, which allow for easy modification and coupling reactions. It is also employed in the synthesis of agrochemicals, contributing to the creation of pesticides and plant growth regulators. Additionally, it finds use in research laboratories for developing novel heterocyclic compounds with potential biological activity.