This chemical is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of various heterocyclic compounds. Its structure, featuring a hydrazone moiety, makes it valuable in the development of pharmaceuticals, particularly in the synthesis of drugs targeting neurological and inflammatory conditions. Additionally, it is employed in the creation of Schiff base ligands, which are crucial in coordination chemistry for designing metal complexes with applications in catalysis and material science. Its role in the synthesis of dyes and pigments also highlights its importance in the chemical industry.