This compound is primarily utilized in the synthesis of pharmaceuticals, particularly in the development of vitamin B1 (thiamine) derivatives. It serves as a key intermediate in the production of thiamine analogs, which are essential for treating deficiencies and related metabolic disorders. Additionally, it finds application in research settings for studying enzyme mechanisms and biochemical pathways involving thiamine-dependent processes. Its role in medicinal chemistry is significant due to its structural relevance in creating compounds with potential therapeutic effects.