Used as an intermediate in organic synthesis, particularly in the development of pharmaceuticals and agrochemicals. It serves as a building block for Schiff base compounds, which exhibit biological activities such as antimicrobial, antifungal, and anticancer properties. Its structure allows for easy modification in heterocyclic synthesis, making it valuable in medicinal chemistry research. Also employed in coordination chemistry as a ligand for metal ions, aiding in the study of catalytic reactions and material science applications.