This compound is primarily utilized in the synthesis of various organic molecules, particularly in the development of pharmaceuticals and agrochemicals. It serves as a key intermediate in the production of compounds with potential biological activities, such as antimicrobial or antifungal agents. Additionally, it is employed in research settings to explore its reactivity and potential applications in medicinal chemistry. Its oxime functional group makes it valuable for constructing complex molecular structures, often used in the preparation of heterocyclic compounds that are significant in drug discovery and development.