This compound is primarily utilized in organic synthesis and pharmaceutical research. It serves as a key intermediate in the preparation of various heterocyclic compounds, which are often explored for their potential biological activities. Researchers employ it in the development of new drugs, particularly in the synthesis of hydrazide derivatives that may exhibit antimicrobial, anti-inflammatory, or anticancer properties. Additionally, it is used in chemical studies to investigate structure-activity relationships, helping to optimize the efficacy of therapeutic agents. Its role in creating novel compounds makes it valuable in medicinal chemistry and drug discovery processes.