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 agrochemicals, including herbicides and fungicides, due to its ability to enhance bioactivity. Also utilized in research settings for the design of novel heterocyclic compounds in medicinal chemistry. Its functional groups allow for easy modification, making it valuable in creating compound libraries for drug discovery.