This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those with potential therapeutic applications. Its structure is often leveraged in the development of hydrazide-based compounds, which are explored for their antimicrobial, anti-inflammatory, and anticancer properties. Additionally, it is studied for its role in designing inhibitors targeting specific enzymes or proteins involved in disease pathways. Researchers also investigate its potential in creating novel drug candidates for treating infections, metabolic disorders, and other medical conditions.