Used as an intermediate in the synthesis of heterocyclic compounds, particularly in the preparation of pyrazole and oxadiazole derivatives which exhibit biological activity. Commonly applied in pharmaceutical research for developing antimicrobial, anti-inflammatory, and antitumor agents. Also utilized in agrochemical formulations for the development of novel pesticides due to its ability to enhance molecular stability and reactivity in active ingredients. Shows potential in coordination chemistry as a ligand for metal ions in catalytic systems.