Used as a corrosion inhibitor for metals in acidic environments, particularly effective in protecting steel surfaces during pickling and cleaning processes. Also serves as an intermediate in the synthesis of heterocyclic compounds with potential biological activity. Exhibits antimicrobial properties, making it useful in pharmaceutical research for developing new antifungal and antibacterial agents. Additionally, functions as a ligand in coordination chemistry, forming stable complexes with transition metals for use in catalysis and material science.