Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of antihypertensive and antiviral drugs. Its structure allows for functionalization that can enhance drug binding and selectivity. Also employed in the preparation of coordination polymers and metal-organic frameworks (MOFs) due to its ability to chelate metal ions, making it useful in catalysis and material science. Additionally, it serves as a building block in the design of heterocyclic compounds for agrochemicals and functional dyes.