Used primarily in the synthesis of various heterocyclic compounds, this chemical serves as a key intermediate in the production of biologically active molecules. It is particularly valuable in the development of pharmaceuticals, where it contributes to the creation of compounds with potential antimicrobial, antifungal, and anticancer properties. Additionally, it plays a role in organic synthesis, aiding in the formation of thiosemicarbazone derivatives, which are studied for their chelating abilities and applications in metal ion detection and removal. Its versatility makes it a significant component in research focused on drug discovery and material science.