Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the production of antifungal agents and histamine H2 receptor antagonists. It serves as a building block in the development of drugs targeting gastrointestinal disorders. Its structure allows for easy modification in organic synthesis, making it valuable in medicinal chemistry for creating biologically active molecules. Also employed in the preparation of agrochemicals and functional materials due to its reactivity and stability in various reaction conditions.