Used as an intermediate in organic synthesis, particularly in the preparation of pharmaceutical compounds. It plays a role in the development of enzyme inhibitors due to its ability to interact with active metal sites in enzymes, especially metalloproteases. Its hydroxamic acid functional group enables strong chelation with metal ions, making it valuable in medicinal chemistry for designing drugs targeting cancer, inflammation, and neurodegenerative diseases. Also explored in agricultural chemistry for the development of bioactive molecules with potential fungicidal or herbicidal properties.