This chemical is primarily utilized in organic synthesis as a versatile intermediate for the development of complex molecules. Its structure, featuring a benzotriazole moiety, makes it valuable in the preparation of pharmaceuticals, particularly in the design of compounds with potential biological activity. The compound is often employed in the synthesis of inhibitors or modulators for enzymes and receptors, contributing to drug discovery efforts. Additionally, it can serve as a building block in the creation of ligands for catalytic systems, aiding in the development of efficient and selective chemical transformations. Its unique properties also make it suitable for use in material science, particularly in the design of advanced polymers or coatings with specific functional characteristics.