Used in the synthesis of pharmaceutical compounds, particularly in the development of drugs targeting central nervous system disorders. It serves as a key intermediate in creating molecules with potential antipsychotic and antidepressant properties. Additionally, it is employed in organic chemistry research for constructing heterocyclic compounds, which are valuable in medicinal chemistry and drug discovery. Its role in the production of thiazole derivatives also makes it relevant in the development of agrochemicals, such as fungicides and herbicides.