This chemical is primarily used in the field of organic synthesis, where it serves as a versatile building block for the creation of more complex molecules. It is often employed in the development of pharmaceuticals, particularly in the synthesis of triazole-based drugs, which are known for their antimicrobial, antifungal, and antiviral properties. Additionally, it finds application in the production of agrochemicals, where it contributes to the formulation of pesticides and herbicides. Its carboxylic acid group allows for further functionalization, making it valuable in the design of compounds with specific biological activities. In material science, it is utilized in the synthesis of polymers and coordination complexes, enhancing their properties for various industrial applications.