Used as an intermediate in the synthesis of biologically active compounds, particularly in the development of pharmaceuticals with potential antifungal and antimicrobial properties. It serves as a key building block in heterocyclic chemistry, enabling the construction of fused ring systems that are prevalent in drug design. Its hydrazide functionality allows for condensation reactions to form hydrazones, which are often explored for their pharmacological activities, including anti-inflammatory and anticancer effects. Also utilized in agrochemical research for designing novel pesticides due to its stable aromatic framework and reactive side chain.