This chemical is primarily used in the field of organic synthesis, particularly as an intermediate in the production of dyes and pigments. Its structure allows it to participate in reactions that form complex aromatic compounds, which are essential in creating vibrant and stable colorants for textiles, inks, and plastics. Additionally, it finds application in the development of pharmaceuticals, where it serves as a building block for synthesizing active pharmaceutical ingredients (APIs) with specific therapeutic properties. Its hydrazine moiety makes it valuable in the preparation of hydrazone derivatives, which are often utilized in chemical research and drug discovery processes.