This chemical is primarily utilized in organic synthesis as a reagent for the preparation of various heterocyclic compounds. It plays a significant role in the formation of triazole derivatives, which are important in pharmaceutical research due to their biological activity. Additionally, it is employed in the development of agrochemicals, contributing to the synthesis of compounds with potential pesticidal or herbicidal properties. Its ability to act as a building block in complex molecular structures makes it valuable in the design and production of novel materials and active ingredients in the chemical industry.