This chemical is primarily used as a versatile intermediate in the synthesis of various organic compounds, particularly in the production of pharmaceuticals and agrochemicals. It serves as a key building block for creating molecules with potential biological activity, such as antifungal, antibacterial, and antiviral agents. Additionally, it is employed in the development of corrosion inhibitors, which are essential in protecting metals and alloys in industrial applications. Its structure allows it to act as a ligand in coordination chemistry, facilitating the formation of metal complexes used in catalysis and material science. The compound’s stability and reactivity make it valuable in research and industrial processes where precise chemical modifications are required.