Primarily utilized in the pharmaceutical industry as a key intermediate in the synthesis of various drugs, particularly those with antimicrobial and antifungal properties. It plays a crucial role in the development of compounds that target bacterial and fungal infections, enhancing the efficacy of therapeutic agents.

In the field of agriculture, it serves as a building block for the production of pesticides and herbicides. Its incorporation into these formulations helps in controlling pests and weeds, thereby improving crop yield and quality.

Additionally, it finds application in the chemical industry as a corrosion inhibitor, especially in metal processing and oil refining. Its ability to form protective layers on metal surfaces helps in preventing rust and degradation, extending the lifespan of industrial equipment.

In research and development, it is used as a reagent in organic synthesis, facilitating the creation of complex molecules for various scientific studies. Its versatility makes it a valuable component in the exploration of new chemical entities and materials.