Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals and agrochemicals. It is particularly valuable in the development of dyes and pigments due to its ability to form stable azo compounds. Additionally, it is employed in research settings for studying hydrazine derivatives and their reactivity, aiding in the discovery of new chemical entities with potential therapeutic or industrial applications. Its role in the synthesis of complex organic molecules makes it a crucial component in the field of medicinal chemistry and material science.