Used primarily as a reagent in organic synthesis, it facilitates the formation of hydrazone derivatives, which are valuable intermediates in the production of various pharmaceuticals and agrochemicals. Its role in the synthesis of heterocyclic compounds is particularly significant, as these structures are commonly found in drugs and bioactive molecules. Additionally, it is employed in the preparation of polymers and resins, where it acts as a cross-linking agent, enhancing material properties such as thermal stability and mechanical strength. In research, it serves as a building block for developing new chemical entities, aiding in the exploration of novel therapeutic agents and functional materials.