Used primarily in organic synthesis, it serves as a key intermediate for the production of various pharmaceuticals and agrochemicals. Its structure is valuable in constructing imidazole derivatives, which are essential in drugs targeting antifungal, antibacterial, and anti-inflammatory applications. Additionally, it plays a role in the development of selective enzyme inhibitors and receptor modulators, contributing to advancements in medicinal chemistry. In agrochemicals, it aids in creating compounds that protect crops from pests and diseases. Its versatility makes it a crucial component in research and industrial processes.