This compound is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting antifungal and antimicrobial activities. Its structure is valuable in the design of triazole-based drugs, which are known for their efficacy in treating fungal infections. Additionally, it finds application in the preparation of compounds used in agricultural chemistry, where it contributes to the development of fungicides and pesticides. Its role in facilitating the creation of these specialized chemicals makes it an important component in both medical and agricultural advancements.