This compound is primarily utilized in the synthesis of various biologically active molecules, particularly in the development of pharmaceuticals. It serves as a key intermediate in the production of histamine receptor ligands, which are crucial for creating drugs that target allergic reactions, gastric acid secretion, and central nervous system disorders. Additionally, it is employed in the preparation of imidazole derivatives, which are widely explored for their antimicrobial, antifungal, and anti-inflammatory properties. Its role in medicinal chemistry makes it valuable for designing compounds with potential therapeutic applications.