Used as a key intermediate in the synthesis of pharmaceuticals, particularly antifungal and antiviral agents. It plays a crucial role in the development of compounds that inhibit enzyme activity, making it valuable in drug discovery. Additionally, it is employed in agrochemicals to create herbicides and pesticides, enhancing crop protection. Its derivatives are also utilized in material science for producing polymers and coatings with improved thermal and chemical stability. In research, it serves as a building block for heterocyclic compounds, aiding in the study of chemical reactions and molecular structures.