Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of anti-inflammatory and antimicrobial agents. Its hydrazide functional group allows for easy conversion into various heterocyclic derivatives, making it valuable in medicinal chemistry research. Commonly employed in the preparation of pyrazole-based drug candidates due to its ability to enhance bioavailability and target specificity. Also utilized in agrochemical research for developing novel pesticides and plant growth regulators.