Used extensively in organic synthesis, it serves as a key precursor for creating complex heterocyclic compounds. Its unique reactivity makes it valuable in click chemistry, enabling rapid and efficient formation of chemical bonds. In material science, it is incorporated into polymers to enhance thermal stability and mechanical properties. Additionally, it finds applications in bioorthogonal chemistry, where it is used for labeling and imaging biomolecules in living systems without interfering with biological processes. Its role in the development of pharmaceuticals includes acting as a building block for drug candidates, particularly in anticancer and antiviral research.