Used primarily as an intermediate in organic synthesis, this compound plays a key role in the preparation of hydrazine derivatives and nitrogen-containing heterocycles. It is employed in the pharmaceutical industry for synthesizing active pharmaceutical ingredients, particularly in routes involving cyclization or reduction reactions. Its hydrazine functionality allows it to act as a reducing agent or coupling agent in specialized chemical transformations. Additionally, it finds use in research settings for developing novel compounds with potential biological activity. Due to its reactivity, it is handled under controlled conditions to ensure stability and safety during synthesis.