Used in organic synthesis as a building block for creating more complex molecules, particularly in the development of pharmaceuticals and agrochemicals. It serves as a precursor in the production of imidazole derivatives, which are important in the creation of antifungal, antibacterial, and anti-inflammatory agents. Additionally, it is utilized in the preparation of coordination compounds for catalysis and material science applications. Its role in the synthesis of heterocyclic compounds makes it valuable in medicinal chemistry research.