This compound is primarily utilized in the synthesis of complex organic molecules, particularly in the pharmaceutical and agrochemical industries. It serves as a key intermediate in the production of imidazole derivatives, which are known for their biological activity. These derivatives are often explored for their potential as antifungal, antibacterial, and anti-inflammatory agents. Additionally, it is used in the development of corrosion inhibitors and as a building block in the creation of specialty chemicals for various industrial applications. Its structural versatility makes it valuable in research and development for designing new compounds with tailored properties.