Used as an intermediate in the synthesis of pharmaceuticals, particularly in the development of imidazole-based drugs which exhibit antifungal, antihistaminic, and anti-inflammatory activities. It is also employed in the preparation of agrochemicals and bioactive molecules due to its ability to act as a building block for nitrogen-containing heterocycles. Its ester functionality allows for further chemical modifications, making it valuable in medicinal chemistry research and the design of new therapeutic agents.