Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of antifungal and antimicrobial agents. Its aldehyde functional group allows for easy modification, enabling the formation of Schiff bases and other derivatives important in drug design. Also employed in the preparation of agrochemicals and coordination compounds with metal ions, useful in catalysis and material science. Its heterocyclic structure contributes to biological activity, making it valuable in medicinal chemistry research.