Used primarily as an intermediate in the synthesis of azo dyes and pigments, this compound plays a key role in the production of colorants for textiles, inks, and coatings. Its structure allows for diazotization and coupling reactions, making it valuable in creating stable colored compounds. It is also employed in the preparation of certain pharmaceuticals and agrochemicals where a substituted phenylhydrazine moiety is required. Due to its reactivity, it is handled under controlled conditions in industrial and laboratory settings.