Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of antifungal and anticancer agents. Its structure supports the formation of biologically active molecules by serving as a building block in heterocyclic chemistry. Commonly employed in medicinal chemistry for modifying drug candidates to improve solubility, bioavailability, and target binding affinity. Also utilized in agrochemicals for designing novel pesticides and herbicides due to its reactivity and stability in various chemical transformations.