Used as an intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the production of antifungal and antibacterial agents. It serves as a building block in organic reactions, especially in the formation of heterocyclic compounds. Its functional groups allow for selective modifications, making it valuable in the development of dyes, fragrances, and complex organic molecules. Commonly employed in research settings for constructing bioactive molecules and in the preparation of Schiff bases with potential biological activity.