Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals. It is particularly valuable in the synthesis of hydrazide derivatives, which are often explored for their potential medicinal properties, including antimicrobial and anticancer activities. Additionally, it is employed in the development of agrochemicals, where it contributes to the creation of pesticides and herbicides. Its role in chemical research also extends to the study of reaction mechanisms and the development of novel organic compounds.