Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the production of antifungal and antibacterial agents. It serves as a ligand in coordination chemistry, forming complexes with metal ions for use in catalysis and material science. Also employed in the development of fluorescent probes and sensors due to its ability to enhance photophysical properties in organic dyes. Additionally, it finds application in agrochemicals as a building block for pesticides and herbicides.