Used primarily as a reducing agent in various chemical reactions, it is particularly effective in organic synthesis for the reduction of carbonyl compounds to their corresponding hydrazones. It also finds application in the preparation of pharmaceuticals, where it serves as a key intermediate in the synthesis of active pharmaceutical ingredients. In analytical chemistry, it is utilized for the detection and quantification of certain metals and organic compounds. Additionally, it is employed in the production of agricultural chemicals, where it acts as a precursor for herbicides and pesticides. Its role in the manufacture of blowing agents for plastics and rubber further highlights its versatility in industrial applications.