Used primarily as an intermediate in organic synthesis, this compound serves in the development of pharmaceuticals, particularly in the construction of hydrazine-containing bioactive molecules. Its structure allows for the introduction of pyrrolidine and benzyl hydrazine motifs, which are found in certain central nervous system agents and enzyme inhibitors. It is also employed in the preparation of heterocyclic compounds through cyclization reactions, useful in medicinal chemistry for lead optimization. Due to the hydrazine functionality, it can act as a nucleophile in condensation reactions, making it valuable in the synthesis of hydrazones and related derivatives with potential antimicrobial or anticancer activity.