Used in the synthesis of pharmaceutical intermediates, particularly in the development of antidiabetic agents. It serves as a building block in organic reactions due to its reactive carboxylic acid group and heterocyclic core, enabling the formation of amides and esters. Also employed in agrochemical research for designing novel active ingredients. Its lipophilic side chain enhances membrane permeability in drug design, making it valuable in medicinal chemistry for optimizing pharmacokinetic properties.