Used as an intermediate in the synthesis of biologically active compounds, particularly in the development of pharmaceuticals with antimicrobial and antifungal properties. It serves as a key building block in the preparation of heterocyclic derivatives that exhibit potential therapeutic activity. Its hydrazide functionality allows for easy modification to form Schiff bases, which are often explored for their pharmacological effects. Also employed in agrochemical research for designing novel plant growth regulators and pesticides due to its structural compatibility with bioactive molecules.