This compound is primarily utilized in the synthesis of various organic intermediates, particularly in the production of pharmaceuticals and agrochemicals. It serves as a key building block in the development of compounds with potential biological activity, such as inhibitors or modulators for specific enzymes or receptors. Additionally, it is employed in research settings to study reaction mechanisms and develop novel chemical processes. Its oxime functional group makes it a versatile reagent for further chemical modifications, enabling the creation of diverse derivatives for industrial and academic applications.