Used in organic synthesis as an intermediate for pharmaceuticals and biologically active compounds. Acts as a precursor in the preparation of NAD (nicotinamide adenine dinucleotide) analogs. Employed in research settings for developing enzyme inhibitors and studying redox reactions. Also utilized in the synthesis of heterocyclic compounds due to its reactive hydroxylamine functionality. Shows potential in medicinal chemistry for designing new antimicrobial and antitumor agents.