Used as a key intermediate in the synthesis of various biologically active compounds, particularly in the development of antimicrobial and antifungal agents. Its structure allows for easy modification, making it valuable in medicinal chemistry for designing new drug candidates. Exhibits potential in the preparation of heterocyclic compounds with pharmacological importance, including anticancer and anti-inflammatory agents. Also employed in coordination chemistry as a ligand for metal complexes, which are studied for their catalytic or biological activities.