Used as an intermediate in the synthesis of pharmaceuticals, particularly in the development of angiotensin II receptor antagonists for treating hypertension and cardiovascular diseases. Its structure supports the creation of biologically active molecules with high receptor affinity. Also employed in research for designing new imidazole-based compounds with potential antitumor, antiviral, or anti-inflammatory properties. Solubility and stability make it suitable for solid-phase and solution-phase peptide-like synthesis in medicinal chemistry.