This compound is primarily utilized in the synthesis of various pharmaceutical agents, particularly in the development of thiazole derivatives. It serves as a key intermediate in the production of drugs that exhibit antimicrobial, anti-inflammatory, and antiviral properties. Additionally, it is employed in the creation of agrochemicals, including pesticides and herbicides, due to its structural role in forming bioactive molecules. Its application extends to research and development, where it is used to explore new compounds with potential therapeutic or agricultural benefits.