Drug repurposing, or repositioning, involves identifying new therapeutic uses for existing or previously failed drugs. This strategy significantly reduces the time, cost, and risk associated with drug development. Repurposed drugs already have established safety profiles, allowing for faster progression to clinical trials. Computational approaches, including AI and bioinformatics, aid in predicting novel drug-disease associations. Examples include sildenafil (originally for angina, now used for erectile dysfunction) and thalidomide (repurposed for multiple myeloma). Drug repurposing is especially valuable during health emergencies, such as the COVID-19 pandemic. It can uncover hidden therapeutic potentials and offer new treatments for rare or neglected diseases. This approach enhances innovation by leveraging existing pharmacological knowledge.