Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals, particularly those targeting infectious diseases and cancer. Its structure is valuable in the development of thiazole derivatives, which exhibit antimicrobial, anti-inflammatory, and antitumor properties. Additionally, it is employed in the synthesis of heterocyclic compounds for research purposes, aiding in the discovery of new bioactive molecules. Its role in creating Schiff bases also makes it useful in coordination chemistry for studying metal complexes.