Used primarily as an intermediate in the synthesis of pharmaceuticals and agrochemicals. It serves as a building block in the development of compounds with biological activity, particularly in the formation of substituted triazoles that exhibit antimicrobial, antifungal, or anti-inflammatory properties. Its reactivity allows for functionalization in heterocyclic chemistry, making it valuable in medicinal chemistry research and development. Additionally, it finds use in the preparation of corrosion inhibitors and in materials science for designing specialty polymers with enhanced thermal and chemical stability.