Used in organic synthesis as an intermediate for pharmaceuticals and agrochemicals. Serves as a protecting group for aldehydes in multi-step reactions due to its stability under various conditions. Employed in the preparation of heterocyclic compounds, particularly in the synthesis of benzoxazoles and related structures. Also utilized in coordination chemistry as a ligand for metal ions, forming stable complexes with transition metals. Its oxime functionality allows for further derivatization, making it valuable in the development of bioactive molecules and functional materials.