Used primarily in organic synthesis, it serves as an intermediate in the production of various pharmaceuticals and agrochemicals. Its oxime group is particularly valuable for forming heterocyclic compounds, which are crucial in drug development. Additionally, it is employed in the synthesis of dyes and pigments due to its ability to form stable complexes with metals. In research, it is utilized for studying reaction mechanisms involving oxime derivatives. Its applications also extend to the preparation of corrosion inhibitors and stabilizers for polymers.