Used as a key intermediate in the synthesis of pharmaceuticals, particularly antifungal and antiviral agents. It plays a role in the development of drugs that inhibit fungal cell growth by targeting enzyme systems involved in ergosterol biosynthesis, which disrupts cell membrane integrity. Also employed in the preparation of agrochemicals, including plant growth regulators and fungicides. Its structure allows for easy modification, making it valuable in creating new heterocyclic compounds for drug discovery. Additionally, it finds use in coordination chemistry as a ligand for metal ions in catalytic systems and in materials research for developing luminescent materials.