Used in agricultural formulations as a plant growth regulator, helping to enhance crop yield and stress resistance. Also investigated for its role in pesticide synergism, where it improves the efficacy of certain insecticides by modulating metabolic pathways in target pests. Shows potential in pharmaceutical research due to its structural similarity to bioactive hydrazones, supporting development of antimicrobial and antifungal agents. Additionally employed in the synthesis of heterocyclic compounds for use in agrochemical and medicinal chemistry.