Used primarily as a reagent in organic synthesis, it plays a crucial role in the formation of semicarbazones by reacting with aldehydes and ketones. This reaction is particularly valuable in analytical chemistry for the identification and characterization of carbonyl compounds. Additionally, it finds application in the pharmaceutical industry, where it serves as an intermediate in the synthesis of various drugs and bioactive molecules. Its ability to form stable derivatives with carbonyl groups also makes it useful in the study of reaction mechanisms and in the development of new chemical entities.