Used as a corrosion inhibitor in industrial cooling systems, particularly effective in protecting copper and its alloys from oxidative degradation. Acts as a ligand in coordination chemistry, forming stable complexes with transition metals for use in catalysis. Employed in the synthesis of pharmaceutical intermediates due to its triazole ring structure, which is common in bioactive molecules. Also utilized in agrochemical formulations as a stabilizer and in the development of fungicides owing to its antimicrobial properties.