Used as a key intermediate in the synthesis of biologically active compounds, particularly in pharmaceuticals. It serves in the development of antimicrobial, antifungal, and antiviral agents due to its ability to form hydrazone derivatives with enhanced pharmacological properties. Also employed in the preparation of heterocyclic compounds for medicinal chemistry research. Its structure supports coordination with metal ions, making it useful in the design of metal-based therapeutic agents and catalysts. Additionally, it finds application in agrochemicals for developing novel pesticides and herbicides.