Used as a key intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the development of nitrogen-containing heterocyclic compounds. Its structure supports coordination with metal ions, making it valuable in catalysis and the design of metal-organic frameworks. Also employed in the preparation of Schiff base ligands for use in asymmetric synthesis and sensor materials due to its ability to form stable complexes with transition metals. Shows potential in medicinal chemistry for designing compounds with antimicrobial and anticancer activities.