Used in pharmaceutical research as a key intermediate in the synthesis of bioactive compounds, particularly in the development of antimicrobial and antiviral agents. Its hydrazide functional group allows for easy derivatization, making it valuable in creating libraries of compounds for drug discovery. Also employed in the preparation of heterocyclic scaffolds that show potential in treating inflammatory diseases and certain cancers. Additionally, it serves as a ligand in coordination chemistry for metal-based catalysts used in organic transformations.