Used as an intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the development of herbicides and plant growth regulators. Its oxime functional group allows participation in various condensation and cyclization reactions, making it valuable in creating heterocyclic compounds. It also serves in the preparation of chelating agents and can act as a building block in the production of dyes and specialty chemicals. Due to its structural specificity, it is employed in research for designing compounds with biological activity, including potential antimicrobial or insecticidal properties.