Used primarily in organic synthesis, this compound serves as a key reagent in the preparation of various heterocyclic compounds. It is particularly valuable in the synthesis of pharmaceuticals, where it acts as a building block for drugs targeting specific diseases. Additionally, it finds application in the development of dyes and pigments, contributing to the coloration of materials. Its hydrazine moiety makes it useful in coupling reactions, facilitating the formation of complex molecular structures. In research, it is employed to study biochemical pathways and enzyme mechanisms, aiding in the discovery of new therapeutic agents.