This chemical is primarily used as an intermediate in organic synthesis, particularly in the preparation of pharmaceuticals and bioactive compounds. It serves as a key building block in the development of hydrazide derivatives, which are valuable in drug discovery and medicinal chemistry. The compound is often employed in the synthesis of peptide-based drugs and other therapeutic agents due to its ability to introduce hydrazine functionality into molecules. Additionally, it is utilized in the production of compounds with potential anticancer, antimicrobial, and anti-inflammatory properties. Its stability and reactivity make it a useful reagent in various chemical transformations, including the formation of heterocyclic structures.