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 enhances binding to biological targets. Also employed in the preparation of specialty polymers and resins where thermal stability and cross-linking capability are required. Shows utility in agrochemical formulations for improving efficacy of active ingredients. Additionally, it serves as a building block in heterocyclic chemistry research due to its reactive hydroxymethyl groups and imidazole core.