Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals. It is particularly valuable in the synthesis of hydrazone derivatives, which are often explored for their potential therapeutic properties, including anticancer and antimicrobial activities. Additionally, it is employed in the development of agrochemicals, where it contributes to the creation of compounds with pesticidal or herbicidal effects. Its role in chemical research also extends to the study of hydrazine-based reactions, aiding in the development of novel synthetic methodologies.