Used primarily as an intermediate in the synthesis of pharmaceutical compounds, particularly in the development of nootropic and neuroprotective agents. Its hydrazide functionality allows for easy derivatization, making it valuable in creating analogs for drug discovery. It has been explored in the preparation of pyrrolidone derivatives that exhibit cognitive-enhancing properties. Additionally, it serves as a building block in the formation of heterocyclic compounds with potential antimicrobial and anti-inflammatory activities. Its role in medicinal chemistry stems from its ability to cross the blood-brain barrier and modulate central nervous system activity.