Used primarily as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of antifungal and antibacterial agents. Its structure allows for easy functionalization, making it valuable in medicinal chemistry for building bioactive molecules. It is also employed in the preparation of agrochemicals, including certain fungicides and plant growth regulators, due to its ability to enhance the efficacy of active ingredients. Additionally, it serves as a building block in heterocyclic chemistry research, supporting the creation of novel compounds with potential biological activity.