This compound is primarily utilized as a versatile intermediate in organic synthesis, particularly in the preparation of pharmaceuticals and agrochemicals. Its tetrazole ring structure is valued for its stability and bioisosteric properties, often serving as a substitute for carboxylic acids in drug design to enhance metabolic stability and bioavailability. Additionally, it finds application in coordination chemistry, where it acts as a ligand to form complexes with metals, useful in catalysis and material science. Its derivatives are also explored in the development of energetic materials due to their high nitrogen content and potential for generating stable, high-energy compounds.