Used primarily in organic synthesis, this compound serves as a key reagent in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds between aryl halides and boronic acids. It is particularly valuable in the pharmaceutical industry for constructing complex molecules, including drug candidates and bioactive compounds. Its hydrazine moiety also allows for applications in the development of hydrazone-based sensors and probes, which are useful in detecting specific analytes or biological targets. Additionally, it finds use in materials science for modifying surfaces or creating functionalized polymers with tailored properties.