Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various agrochemicals and pharmaceuticals. It is particularly valuable in the synthesis of herbicides and fungicides, where it contributes to the development of active ingredients that protect crops from pests and diseases. Additionally, it plays a role in the preparation of dyes and pigments, aiding in the creation of colorants for industrial applications. Its reactivity with carbonyl compounds makes it useful in the formation of hydrazone derivatives, which are further utilized in chemical research and development.