Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the production of thiazole-based drugs with antimicrobial and anti-inflammatory properties. Commonly employed in the development of active pharmaceutical ingredients (APIs) due to its reactive ester and heterocyclic structure. Also utilized in agrochemicals for the formulation of fungicides and plant growth regulators. Its derivatives are explored in medicinal chemistry for drug discovery targeting central nervous system disorders and metabolic diseases.