Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals. It is particularly valuable in the development of drugs targeting central nervous system disorders, where its structural features contribute to the desired biological activity. Additionally, it is employed in the synthesis of agrochemicals, aiding in the creation of compounds that enhance crop protection. Its role in research extends to the preparation of dyes and pigments, where it helps achieve specific color properties. The compound’s reactivity with carbonyl groups also makes it useful in the formation of hydrazones, which are important in analytical chemistry for detecting and isolating carbonyl-containing compounds.