Used in pharmaceutical research as a key intermediate for synthesizing bioactive molecules, particularly in the development of anti-inflammatory and antimicrobial agents. Shows potential in the design of compounds targeting central nervous system disorders due to its structural affinity with receptor inhibitors. Also employed in the synthesis of thiazolidinone-based derivatives with observed anticancer activity, especially in studies involving tumor cell line inhibition. Commonly utilized in medicinal chemistry for structure-activity relationship (SAR) studies to optimize drug candidates.