Used as a key intermediate in the synthesis of triazole-containing pharmaceuticals, particularly antifungal agents like fluconazole and related derivatives. Its aldehyde group allows for easy functionalization, enabling the formation of Schiff bases or incorporation into heterocyclic systems. Also employed in agrochemical research for developing new fungicides and plant growth regulators. Additionally, it serves as a building block in coordination chemistry, forming complexes with metal ions for catalytic or material science applications.