Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of antiviral and antifungal agents. Its structure allows for easy functionalization, making it valuable in medicinal chemistry for building bioactive molecules. Commonly employed in the preparation of triazole-based drug candidates due to the favorable pharmacokinetic properties imparted by the triazole ring. Also utilized in agrochemical research for designing new pesticides and herbicides with improved efficacy and selectivity.