This chemical is primarily utilized in organic synthesis as a versatile building block for the development of more complex molecules. It is often employed in the creation of pharmaceuticals, particularly in the synthesis of triazole-based drugs, which are known for their antimicrobial, antifungal, and antiviral properties. Additionally, it serves as a key intermediate in the production of agrochemicals, including pesticides and herbicides, due to its ability to enhance the efficacy and stability of these compounds. In material science, it is used to modify polymers and coatings, improving their performance characteristics such as durability and resistance to environmental factors. Its role in click chemistry reactions is also noteworthy, where it facilitates the rapid and efficient formation of chemical bonds, making it valuable in drug discovery and bioconjugation processes.