Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the production of active pharmaceutical ingredients (APIs) for drugs targeting central nervous system disorders and cardiovascular diseases. Its functional groups enable coupling reactions in the development of complex organic molecules, including dyes and fluorescent probes for biochemical imaging. Also employed in the preparation of agrochemicals, such as herbicides and plant growth regulators, due to its reactivity and structural compatibility with bioactive compounds. Additionally, it serves in research laboratories for the development of novel Schiff bases and heterocyclic compounds with potential antimicrobial and anti-inflammatory properties.