Used as a key intermediate in the synthesis of various pharmaceuticals, particularly in the production of antifungal and antiparasitic agents. It serves as a building block in the development of imidazole-based drugs that target fungal infections by inhibiting ergosterol synthesis in cell membranes. Also employed in the preparation of agrochemicals, including fungicides and plant growth regulators, due to its ability to enhance bioactivity when incorporated into larger molecules. Additionally, it finds use in coordination chemistry as a ligand for metal ions in catalytic systems.