Primarily utilized in the synthesis of various pharmacologically active compounds, this chemical serves as a key intermediate in the development of drugs targeting neurological disorders. It is often employed in the creation of hydrazide derivatives, which exhibit potential anticonvulsant and antidepressant properties. Additionally, it plays a role in the preparation of agrochemicals, particularly in formulating herbicides that target specific weed species. Its application extends to organic synthesis, where it is used to build complex molecules for research and industrial purposes.