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 agrochemical formulations to develop pesticides and herbicides due to its ability to enhance bioactivity. Also utilized in research for developing novel heterocyclic compounds in medicinal chemistry. Its carboxylic acid group allows for easy functionalization, making it valuable in coupling reactions for drug design.