This chemical is primarily utilized in the field of organic synthesis as a versatile intermediate. It plays a significant role in the development of pharmaceutical compounds, particularly in the synthesis of active pharmaceutical ingredients (APIs) that require the incorporation of a benzotriazole moiety. Its structure allows it to act as a protective group or a building block in complex organic reactions, facilitating the creation of molecules with potential biological activity. Additionally, it is employed in the production of agrochemicals, where it contributes to the formulation of pesticides and herbicides. Its use in material science is also notable, particularly in the development of polymers and coatings that benefit from its stabilizing properties.