Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of imidazole-based drugs with antifungal, antihypertensive, and anticancer properties. It serves as a building block in medicinal chemistry due to the reactivity of the imidazole ring and ester functionality, enabling easy modification for drug design. Also employed in the preparation of agrochemicals and functional materials where nitrogen-containing heterocycles enhance biological activity or material performance. Its ester group allows for straightforward conversion into amides or acids, facilitating diverse derivatization in research and industrial applications.