Used primarily in the synthesis of pharmaceuticals, particularly in the development of drugs targeting bacterial infections and inflammation. It serves as a key intermediate in the production of thiazolidinone derivatives, which exhibit antimicrobial and anti-inflammatory properties. Additionally, it is employed in organic synthesis to create compounds with potential applications in material science, such as polymers and coatings. Its role in the preparation of heterocyclic compounds also makes it valuable in research and development for novel therapeutic agents.