This compound is primarily utilized in organic synthesis as an intermediate for the development of more complex chemical structures. It is often employed in the preparation of hydrazone derivatives, which are valuable in medicinal chemistry for designing potential drug candidates. The pyridinyl and benzylidene groups in its structure make it a versatile building block for constructing molecules with potential biological activity, particularly in the development of inhibitors or ligands targeting specific enzymes or receptors. Additionally, its hydrazinecarboxylate moiety is useful in click chemistry reactions, enabling the formation of stable linkages in the synthesis of bioconjugates or functional materials. Its application extends to research in pharmaceuticals, where it may be explored for its role in creating compounds with anti-inflammatory, anticancer, or antimicrobial properties.