Used as a key intermediate in the synthesis of triazole-based pharmaceuticals, particularly antifungal and antimicrobial agents. Its structure allows for easy functionalization, making it valuable in medicinal chemistry for developing bioactive molecules. Commonly employed in the preparation of agrochemicals, including fungicides and plant growth regulators, due to its ability to enhance biological activity in final compounds. Also utilized in research for designing novel heterocyclic compounds with potential therapeutic applications.