Used as an intermediate in the synthesis of pharmaceuticals and agrochemicals due to its ability to participate in substitution and coupling reactions. Its structure supports the development of biologically active compounds, particularly in the design of antimicrobial and antifungal agents. Also employed in corrosion inhibitors for metals, where it forms protective films on copper and copper alloy surfaces. Additionally, it serves as a building block in the preparation of functional materials and ligands for coordination chemistry.