This compound is primarily utilized in the synthesis of various heterocyclic compounds due to its reactive hydrazide group. It serves as a key intermediate in the development of pharmaceuticals, particularly in the creation of molecules with potential biological activity, including anti-cancer properties. Its structure makes it suitable for constructing thiophene-based derivatives, which are often explored for their antimicrobial, antifungal, and anti-inflammatory properties. Additionally, it is employed in organic chemistry research to study reaction mechanisms and develop novel chemical entities. Its applications extend to material science, where it can be used to design functional materials with specific electronic or photonic properties.