Used as a key intermediate in the synthesis of various biologically active compounds, particularly in pharmaceuticals. It serves in the development of anticonvulsant, antimicrobial, and anti-inflammatory agents due to its ability to form stable heterocyclic structures. Commonly employed in the preparation of thiazole-based drugs where the hydrazide group allows for further functionalization. Also utilized in coordination chemistry as a ligand for metal ions in catalytic systems. Its derivatives are investigated for potential use in medicinal chemistry and drug design.