Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals. It is particularly valuable in the development of drugs targeting cardiovascular diseases and hypertension. Additionally, it plays a role in the synthesis of dyes and pigments, contributing to the coloring of textiles and other materials. Its hydrazine moiety makes it useful in the preparation of hydrazone derivatives, which are explored for their potential in medicinal chemistry and material science.