Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of antifungal and anticancer agents. Its aldehyde functional group allows for easy modification, enabling the formation of Schiff bases or other derivatives important in drug design. Also employed in the preparation of agrochemicals and functional materials due to its heterocyclic structure, which can enhance bioavailability and binding affinity in active compounds. Commonly utilized in research settings for building complex nitrogen-containing molecules.