Used as a key intermediate in the synthesis of agrochemicals and pharmaceuticals, particularly in the development of fungicides and plant growth regulators. Its thiol and triazole functionalities enable coordination with metal ions, making it useful in the formulation of corrosion inhibitors for industrial metal protection. Also employed in the preparation of heterocyclic compounds with potential biological activity, including antimicrobial and antifungal agents. Its reactivity allows for derivatization in organic synthesis, supporting the creation of specialty chemicals and functional materials.