Used in organic synthesis as a building block for the preparation of various heterocyclic compounds. It serves as a key intermediate in the development of pharmaceuticals, particularly in the synthesis of drugs with potential anti-inflammatory, antimicrobial, and anticancer properties. Additionally, it is employed in the production of dyes and pigments due to its ability to form stable complexes with metal ions. In research, it is utilized as a reagent for the detection and quantification of aldehydes and ketones. Its hydrazide functional group makes it valuable in the design of molecular probes and sensors for biological and chemical applications.