This compound is primarily utilized in organic synthesis and pharmaceutical research due to its unique structural properties. It serves as a key intermediate in the development of various biologically active molecules, particularly those targeting neurological and inflammatory conditions. Its oxime functional group makes it valuable in the creation of novel drug candidates, as it can be easily modified to enhance binding affinity and selectivity. Additionally, it is explored in material science for the design of organic semiconductors and photoresponsive materials, leveraging its conjugated system for electronic applications.