Used as an intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the development of herbicides and plant growth regulators. It also serves as a corrosion inhibitor for copper and its alloys in cooling systems and industrial water treatments. Additionally, it functions as a stabilizer in photographic emulsions and in the formulation of certain dyes and pigments. Its derivatives are explored for biological activity, including antimicrobial and antifungal properties, making it relevant in medicinal chemistry research.