Used as an intermediate in the synthesis of pharmaceutical compounds, particularly in the development of anticonvulsant and antimicrobial agents. It serves as a building block in heterocyclic chemistry, enabling the formation of various fused ring systems with biological activity. Commonly employed in the preparation of hydrazone derivatives that exhibit potential as anticancer and anti-inflammatory agents. Also utilized in agrochemical research for developing new pesticide formulations due to its reactivity and ability to form stable derivatives. Its chelating properties make it useful in coordination chemistry for designing metal-based catalysts.