Used in the synthesis of pharmaceuticals, particularly as an intermediate in the development of antifungal and antibacterial agents. It also serves as a building block in the preparation of agrochemicals and functional materials due to its heterocyclic structure. Its carboxylic acid group allows for easy derivatization, making it valuable in medicinal chemistry for creating compound libraries in drug discovery. Additionally, it has been explored in coordination chemistry as a ligand for metal complexes with potential catalytic or biological activity.