Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals and agrochemicals. It is particularly valuable in the synthesis of oxime derivatives, which are crucial in developing drugs with antimicrobial, antifungal, and anti-inflammatory properties. Additionally, it plays a role in the preparation of herbicides and pesticides, contributing to crop protection and agricultural efficiency. Its reactivity with carbonyl compounds also makes it useful in creating complex molecules for research and industrial applications.