Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of antifungal and antimicrobial agents. Its structure allows for easy functionalization, making it valuable in medicinal chemistry for creating imidazole-based drug candidates. Also employed in radiolabeling studies due to the presence of iodine atoms, which can be replaced with radioactive isotopes for imaging and tracer applications. Additionally, it serves as a building block in the preparation of functionalized heterocyclic compounds for use in agrochemicals and specialty materials.