Used primarily in the synthesis of pharmaceuticals, this compound acts as a key intermediate in the production of various therapeutic agents. It is particularly valuable in the development of drugs targeting neurological disorders, where its hydrazide functionality plays a crucial role in forming active molecules. Additionally, it finds application in agrochemical research, aiding in the creation of pesticides and herbicides by contributing to the structural framework of these compounds. Its reactivity and stability make it a preferred choice in organic synthesis for constructing complex molecules with specific biological activities.