Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the production of antifungal and antiviral agents. Its structure is valuable in developing bioactive molecules due to the presence of the triazole ring, which is known for metabolic stability and hydrogen bonding capability. Also employed in agrochemicals for the development of fungicides and plant growth regulators. Additionally, it serves as a building block in coordination chemistry, forming complexes with metal ions for use in catalysis or material science.