This compound is primarily utilized in the synthesis of various pharmaceutical agents, particularly those targeting antiviral and anticancer activities. It serves as a key intermediate in the development of imidazole-based drugs, which are known for their broad biological activity. Additionally, it is employed in organic chemistry research for the construction of complex heterocyclic compounds, aiding in the exploration of new therapeutic molecules. Its role in medicinal chemistry is significant due to its ability to enhance the efficacy and specificity of drug candidates.