Used primarily as a key intermediate in the synthesis of antifungal medications, particularly in the production of triazole-class drugs. Its structure enables effective inhibition of fungal cytochrome P450 enzymes, making it valuable in developing agents that treat systemic and topical fungal infections. It is also employed in medicinal chemistry research for designing new bioactive molecules due to its favorable pharmacokinetic properties and ability to form stable complexes with metal ions. Additionally, it finds use in the development of coordination polymers and metal-organic frameworks (MOFs) for potential applications in catalysis and sensing.