This chemical is primarily utilized in the synthesis of various pharmaceutical compounds. It serves as a key intermediate in the production of antifungal and antibacterial agents, contributing to the development of medications that target microbial infections. Additionally, it is employed in the creation of heterocyclic compounds, which are essential in drug discovery and development due to their diverse biological activities. Its role in organic synthesis also extends to the preparation of ligands for metal complexes, which are used in catalysis and material science. The compound's versatility makes it valuable in research and industrial applications focused on advancing medicinal chemistry and chemical engineering.