Used as a building block in organic synthesis, particularly in the development of pharmaceuticals and bioactive compounds. It exhibits antimicrobial and antifungal properties, making it valuable in medicinal chemistry research. Also investigated for its potential as a metal chelator in analytical reagents and catalysis. Shows promise in the design of enzyme inhibitors due to its structural similarity to natural enzyme substrates. Additionally, it serves as a precursor in the synthesis of fluorescent dyes and optical materials.