This chemical is primarily utilized in the synthesis of various pharmaceutical compounds, particularly those with potential therapeutic properties. It serves as a key intermediate in the development of hydrazide derivatives, which are explored for their antimicrobial, anti-inflammatory, and anticancer activities. Additionally, it is used in research settings to study its interactions with biological targets, aiding in the discovery of new drugs. Its structural properties make it valuable in organic synthesis for creating complex molecules with potential applications in medicinal chemistry.