Used primarily in organic synthesis, this compound serves as a key intermediate in the preparation of various pharmaceutical agents. It is particularly valuable in the development of hydrazone derivatives, which are explored for their potential therapeutic applications, including antimicrobial and anticancer activities. Additionally, it is utilized in the synthesis of heterocyclic compounds, which are important in medicinal chemistry for designing drugs with diverse biological activities. Its role in research extends to the study of chemical reactions involving hydrazine derivatives, aiding in the discovery of novel compounds with potential industrial and pharmaceutical uses.