Primarily used in organic synthesis, this compound serves as a versatile intermediate in the production of various pharmaceuticals and agrochemicals. It is particularly valuable in the synthesis of hydrazide derivatives, which are key components in the development of drugs targeting tuberculosis and other bacterial infections. Additionally, it plays a role in the creation of herbicides and pesticides, aiding in crop protection and agricultural productivity. Its reactivity also makes it useful in research for developing novel chemical entities with potential therapeutic applications.