Used as an intermediate in organic synthesis, particularly in the development of pharmaceuticals with potential antitumor and antimicrobial activities. It serves as a key building block in the preparation of thiazolidine-based heterocyclic compounds, which are known for their biological significance. Its structure allows for easy functionalization, making it valuable in medicinal chemistry research for designing enzyme inhibitors and bioactive molecules. Also investigated for its role in coordination chemistry as a ligand for metal complexes with catalytic or therapeutic properties.