This chemical is primarily utilized in the development of advanced materials and pharmaceuticals due to its unique structure. It serves as a key intermediate in the synthesis of heterocyclic compounds, which are essential in creating drugs with antimicrobial, antiviral, and anticancer properties. Additionally, its thiosemicarbazide moiety makes it valuable in the production of chelating agents, which are used to bind metal ions in various industrial and environmental applications, such as water treatment and metal recovery processes. Its oxadiazole ring also contributes to its use in the design of organic electronic materials, including sensors and light-emitting diodes (LEDs).