Used primarily in organic synthesis as a reagent for the preparation of various heterocyclic compounds. It serves as a key intermediate in the development of pharmaceuticals, particularly in the synthesis of compounds with potential antimicrobial and anticancer properties. Additionally, it is employed in the study of Schiff base formation, which is crucial for understanding coordination chemistry and the development of metal complexes. Its role in polymer chemistry is also notable, where it aids in the modification of polymer properties for enhanced performance in specific applications.