Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of imidazole-based drugs which exhibit antifungal, antihypertensive, and anticancer activities. It serves as a building block in medicinal chemistry due to the reactivity of its ester groups and the presence of the imidazole ring, which is common in bioactive molecules. It is also employed in the preparation of ligands for catalysis and in the fabrication of functional materials where nitrogen-containing heterocycles are required. Its solubility and stability make it suitable for use in various organic transformations, including cross-coupling and condensation reactions.