Used primarily in the synthesis of pharmaceuticals and agrochemicals, this compound serves as a key intermediate in the production of various active ingredients. It is particularly valuable in the development of herbicides and pesticides, where its unique structure contributes to the effectiveness of the final product. Additionally, it finds application in organic synthesis, aiding in the creation of complex molecules for research and industrial purposes. Its role in chemical reactions often involves the formation of hydrazine derivatives, which are crucial in the manufacture of dyes and pigments.