Used primarily as an intermediate in organic synthesis, it plays a crucial role in the production of pharmaceuticals, particularly in the development of antifungal and antibacterial agents. Its structure allows it to act as a building block for more complex molecules, enhancing their efficacy. Additionally, it is utilized in the creation of specialty chemicals for research and development, aiding in the study of biochemical pathways and drug discovery. Its applications extend to the formulation of agricultural chemicals, where it contributes to the synthesis of compounds that protect crops from pests and diseases.