Used as an intermediate in the synthesis of biologically active compounds, particularly in pharmaceuticals targeting central nervous system disorders. It serves as a building block in the development of novel thiazole-based drugs due to its favorable reactivity and structural compatibility with bioactive molecules. Also employed in agrochemical research for designing new crop protection agents owing to its stability and functional group tolerance. Its ester functionality allows for easy modification, making it valuable in medicinal chemistry for structure-activity relationship studies.