Used primarily in analytical chemistry as a reagent for the determination of aldehydes, ketones, and sugars. It is also employed in organic synthesis for the preparation of various heterocyclic compounds. In the pharmaceutical industry, it serves as an intermediate in the production of certain drugs. Additionally, it finds application in the manufacturing of agricultural chemicals, where it is used to synthesize herbicides and pesticides. Its role in the development of foaming agents for plastics and rubber products is also notable.