Used as an intermediate in the synthesis of organic semiconductors and optoelectronic materials. It plays a role in the development of organic light-emitting diodes (OLEDs) due to its ability to form stable conjugated systems. The compound is also employed in the preparation of dyes and fluorescent probes for sensing applications. Its hydrazone functionality allows for further derivatization, making it valuable in medicinal chemistry for building nitrogen-containing heterocycles. Additionally, it serves as a ligand in certain catalytic reactions, enhancing reaction selectivity and efficiency.