Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals and agrochemicals. It is particularly valuable in the synthesis of heterocyclic compounds, which are essential in drug development. Additionally, it finds application in the preparation of ligands for metal complexes used in catalytic processes. Its oxime functional group makes it useful in protecting carbonyl groups during multi-step synthetic procedures. In research, it is employed to study reaction mechanisms and to develop new chemical methodologies.