This compound is primarily utilized in organic synthesis as a key intermediate for the preparation of various heterocyclic compounds, particularly in the development of pharmaceuticals and agrochemicals. Its hydrazine moiety makes it a valuable building block for synthesizing hydrazones and other nitrogen-containing structures, which are often explored for their biological activities. Additionally, it serves as a precursor in the synthesis of dyes and pigments due to its aromatic and reactive functional groups. Researchers also employ it in the study of chemical reactions involving hydrazine derivatives, contributing to advancements in medicinal chemistry and material science.