Used as a corrosion inhibitor in industrial cooling systems and metalworking fluids. It effectively protects copper and its alloys from oxidation and degradation in aqueous environments. Also serves as an intermediate in the synthesis of pharmaceuticals, particularly in the development of antifungal and antimicrobial agents. Its structure allows for easy modification, making it valuable in agrochemical research for designing new active ingredients. Additionally, it functions as a ligand in coordination chemistry, aiding in the stabilization of metal complexes used in catalysis.