Used in pharmaceutical research as a key intermediate in the synthesis of bioactive compounds, particularly in the development of antimicrobial and antifungal agents. Shows potential in the design of enzyme inhibitors due to its ability to interact with specific biological targets. Also employed in the preparation of heterocyclic compounds for use in medicinal chemistry and drug discovery. Its hydrazide functionality allows for easy derivatization, making it valuable in creating compound libraries for screening. Additionally, it has been explored in materials science for developing fluorescent probes and sensors due to its favorable photophysical properties.