Used as an 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 hydroxymethyl group, which allows for easy functionalization. Also utilized in agrochemicals for the preparation of crop protection agents. Its structure supports the design of bioactive molecules, making it valuable in medicinal chemistry research and drug discovery.