Used as a key intermediate in the synthesis of bioactive compounds, particularly in pharmaceuticals and agrochemicals. Its structure supports the development of antimicrobial, antifungal, and antioxidant agents. Commonly employed in coordination chemistry to form metal complexes with enhanced biological activity. Also utilized in the preparation of heterocyclic compounds such as oxadiazoles and triazoles, which are important scaffolds in drug design. Shows potential in material science for designing sensors due to its chelating properties and ability to interact with metal ions.