Used as an intermediate in the synthesis of pharmaceutical compounds, particularly in the development of anti-inflammatory and antimicrobial agents. Its functional groups allow for derivatization into thiazole or thiadiazole rings, which are common scaffolds in drug design. Also employed in the preparation of coordination complexes with metal ions, useful in catalysis or material science. Additionally, it has potential in the development of sensors due to its ability to interact with specific metal ions or biomolecules.