This compound is primarily utilized in the synthesis of various pharmaceutical agents, particularly those targeting central nervous system disorders. It serves as a key intermediate in the production of compounds with potential antipsychotic and neuroprotective properties. Additionally, it is employed in the development of novel thiazole derivatives, which are explored for their antimicrobial and anticancer activities. Its role in organic synthesis also extends to the creation of ligands for biochemical research, aiding in the study of enzyme interactions and receptor binding mechanisms.