Used primarily in organic synthesis, this compound serves as a key intermediate in the development of various pharmaceuticals and agrochemicals. Its structure allows for the creation of complex molecules, particularly in the synthesis of imidazole-based drugs, which are known for their biological activity. Additionally, it finds application in the production of dyes and pigments due to its ability to form stable, colored compounds. Researchers also utilize it in the study of chemical reactions involving nitrogen-containing heterocycles, aiding in the advancement of synthetic methodologies.