Used as a key intermediate in the synthesis of antifungal agents, particularly in the production of triazole-based pharmaceuticals like fluconazole and related drugs. Its structure allows for effective binding to fungal cytochrome P450 enzymes, inhibiting ergosterol biosynthesis. Also employed in agrochemicals for developing fungicides in crop protection. Additionally, it serves as a building block in heterocyclic chemistry for creating bioactive molecules and in coordination chemistry as a ligand for metal complexes with potential catalytic or antimicrobial activity.