Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals, particularly those targeting central nervous system disorders. It is also employed in the development of agrochemicals, where it contributes to the creation of herbicides and pesticides. Additionally, its hydrazine moiety makes it valuable in the synthesis of heterocyclic compounds, which are widely used in medicinal chemistry for drug discovery and development. The compound's reactivity allows for the introduction of specific functional groups, enabling the design of molecules with desired biological activities.