Used primarily in pharmaceutical research and development, this compound serves as a key intermediate in the synthesis of various biologically active molecules. Its structure allows for the creation of compounds with potential therapeutic applications, particularly in the development of drugs targeting central nervous system disorders. Additionally, it is utilized in organic synthesis to produce derivatives that may exhibit antimicrobial or antifungal properties. Its role in chemical reactions often involves forming hydrazone linkages, which are valuable in constructing complex molecular frameworks for further biological evaluation.