This compound is primarily used in organic synthesis, particularly in the preparation of hydrazone derivatives. These derivatives are valuable intermediates in the synthesis of various pharmaceuticals, including anti-inflammatory and antimicrobial agents. It is also employed in the development of dyes and pigments, where it acts as a key building block for creating complex colorants. Additionally, it finds application in analytical chemistry as a reagent for the detection and quantification of carbonyl compounds, such as aldehydes and ketones, through hydrazone formation. Its role in the synthesis of agrochemicals, such as herbicides and fungicides, further highlights its versatility in chemical manufacturing.