Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of antifungal and anticancer agents. Its structure supports the formation of biologically active imidazole derivatives, which are important in medicinal chemistry. Commonly employed in research settings to design new drug candidates targeting enzyme inhibition and receptor modulation. Also utilized in agrochemicals for the development of plant growth regulators and pesticides due to its favorable reactivity and stability in synthetic pathways.