Used in organic synthesis as a key intermediate for the preparation of various heterocyclic compounds, particularly in the development of pharmaceuticals and agrochemicals. It plays a role in the synthesis of hydrazone derivatives, which are explored for their potential biological activities, including antimicrobial, anticancer, and anti-inflammatory properties. Additionally, it is utilized in research for designing and synthesizing novel chemical entities for drug discovery programs. Its application extends to the field of materials science, where it contributes to the development of functional materials with specific chemical properties.