Used primarily in the synthesis of organic compounds, particularly in the production of dyes and pigments. It serves as a key intermediate in the preparation of hydrazone derivatives, which are valuable in analytical chemistry for the detection and quantification of carbonyl compounds. Additionally, it is employed in the development of pharmaceuticals, where it contributes to the creation of active ingredients with specific therapeutic properties. Its role in chemical research is also notable, aiding in the study of reaction mechanisms and the development of novel synthetic pathways.