Used in pharmaceutical synthesis as a key intermediate for developing angiotensin II receptor antagonists, particularly in the production of antihypertensive drugs like candesartan and related sartan-class medications. Its structure supports binding to specific receptors involved in blood pressure regulation. Also employed in research for developing new bioactive molecules due to its ability to form stable complexes with metal ions and its favorable pharmacokinetic properties. Additionally, it finds use in the design of corrosion inhibitors and in coordination chemistry for creating metal-organic frameworks.