This compound is primarily utilized in organic synthesis as an intermediate for the production of various pharmaceuticals and agrochemicals. It serves as a key building block in the synthesis of compounds with potential biological activity, particularly in the development of drugs targeting neurological disorders. Additionally, it is employed in the preparation of ligands for metal complexes used in catalytic processes, enhancing the efficiency of chemical reactions. Its oxime functional group makes it valuable in the formation of heterocyclic compounds, which are often explored for their medicinal properties.