This compound is primarily utilized in the field of organic synthesis as a key intermediate for the development of various biologically active molecules. It serves as a building block in the synthesis of thiazole derivatives, which are often explored for their potential pharmaceutical applications. Specifically, it is used in the creation of compounds that exhibit antimicrobial, antifungal, and anti-inflammatory properties. Additionally, it finds application in the research and development of new drugs targeting specific enzymes or receptors, particularly in the design of inhibitors or modulators for therapeutic purposes. Its role in the synthesis of heterocyclic compounds also makes it valuable in the study of chemical reactions and the development of novel materials.