Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of imidazole-based drugs which exhibit biological activities such as antifungal, antihistaminic, and anticancer properties. Its structure allows for easy functionalization, making it valuable in medicinal chemistry for building heterocyclic compounds. It is also employed in the preparation of agrochemicals and bioactive molecules where the imidazole core is essential for activity. Its ester group facilitates coupling reactions, enabling the formation of more complex molecules in drug discovery and development processes.