Used as an intermediate in the synthesis of pharmaceuticals, particularly in the production of antifungal agents such as fluconazole and related triazole-based drugs. Its hydroxyl and triazole groups allow for easy functionalization, making it valuable in medicinal chemistry for building active drug molecules. Also employed in agrochemicals for developing fungicides and plant growth regulators. Its structure supports hydrogen bonding and coordination with metal ions, which can be exploited in the design of catalysts or ligands in some specialized chemical reactions.