Used in organic synthesis as a key intermediate for the preparation of various heterocyclic compounds, particularly in the development of pharmaceuticals and agrochemicals. It is employed in the synthesis of hydrazone derivatives, which are valuable in medicinal chemistry for their potential biological activities. Additionally, it serves as a reagent in the preparation of dyes and pigments due to its ability to form stable azo compounds. The compound is also utilized in research for studying reaction mechanisms involving hydrazine derivatives. Its application extends to the development of sensors and analytical reagents for detecting specific chemical species.