Used as an intermediate in organic synthesis, particularly in the preparation of hydrazine-based pharmaceuticals and agrochemicals. It serves as a building block in the formation of heterocyclic compounds, including pyrazoles and triazoles, which are common scaffolds in drug discovery. Its structure allows for selective reactions in condensation and cyclization processes, making it valuable in developing bioactive molecules. Also employed in research settings for the synthesis of novel Schiff bases with potential antimicrobial or anticancer properties.