This compound is primarily utilized in organic synthesis as an intermediate for the production of various chemicals, including pharmaceuticals and agrochemicals. Its oxime functional group makes it valuable in the formation of nitriles and other nitrogen-containing compounds, which are essential in drug development. Additionally, it is employed in the synthesis of flavoring agents and fragrances due to its aromatic properties. In research, it serves as a building block for studying reaction mechanisms and developing new synthetic pathways. Its versatility also extends to coordination chemistry, where it acts as a ligand for metal complexes.