This chemical is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of various bioactive compounds, particularly those with potential antimicrobial and antitumor properties. Researchers explore its derivatives for developing new drugs that target specific enzymes or pathways in diseases. Additionally, it is studied for its role in creating Schiff base complexes, which are known for their applications in coordination chemistry and as catalysts in organic reactions. Its structural features make it a valuable component in designing molecules with enhanced binding affinity and specificity for biological targets.