Used primarily in organic synthesis, this compound serves as a key intermediate in the preparation of various pharmaceuticals and agrochemicals. It is particularly valuable in the formation of oxime ethers, which are important in the development of drugs with antimicrobial and antifungal properties. Additionally, it plays a role in the synthesis of complex molecules used in research and industrial applications, contributing to advancements in medicinal chemistry and material science. Its reactivity with other organic compounds makes it a versatile tool in constructing diverse chemical structures.