This chemical is primarily utilized in the synthesis of various pharmaceuticals and agrochemicals. It serves as a key intermediate in the production of triazole-based compounds, which are known for their antifungal, antibacterial, and antiviral properties. In the pharmaceutical industry, it is often used to develop drugs targeting infectious diseases, as well as in the creation of inhibitors for specific enzymes. Additionally, it finds application in agricultural chemistry for formulating crop protection agents that help in controlling fungal infections in plants. Its role in organic synthesis also extends to the development of specialty chemicals and research compounds.