Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the production of hydrazine-based drugs. It serves in the development of antitubercular agents due to its structural similarity to known bioactive hydrazides. Also employed in the preparation of heterocyclic compounds for medicinal chemistry research. Its functional groups allow for easy modification, making it valuable in creating libraries of compounds for drug discovery. Additionally, it finds use in coordination chemistry as a ligand for metal ions in catalytic systems.