This chemical is primarily used in the synthesis of various pharmaceutical compounds, particularly those targeting central nervous system disorders. It serves as a key intermediate in the production of drugs that modulate neurotransmitter activity, offering potential therapeutic benefits for conditions like anxiety, depression, and epilepsy. Additionally, it is utilized in the development of antifungal agents, contributing to the treatment of fungal infections. Its imidazole ring structure makes it valuable in coordination chemistry, where it acts as a ligand in the formation of metal complexes for catalytic applications. In industrial settings, it is employed in the manufacture of specialty chemicals, including corrosion inhibitors and surfactants, due to its functional groups that enhance reactivity and stability.