Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of imidazole-containing bioactive compounds. It serves in the preparation of antifungal agents and histamine receptor modulators due to the imidazole ring's role in biological activity. Also employed in agrochemicals for the creation of fungicides and plant growth regulators. Its ester functionality allows for easy modification in organic synthesis, making it valuable in medicinal chemistry research and development.