This compound is primarily utilized in the synthesis of various heterocyclic compounds, which are significant in pharmaceutical research. It serves as a key intermediate in the development of potential drugs, particularly those targeting neurological disorders and infectious diseases. Additionally, it is employed in the creation of ligands for metal complexes, which can be used in catalysis and material science. Its hydrazide functional group makes it valuable in constructing biologically active molecules, including antimicrobial and anticancer agents. Researchers also explore its role in the design of chemical sensors due to its ability to interact with specific analytes.