Used primarily in biochemical research as a reagent for the detection and quantification of carbonyl compounds, such as aldehydes and ketones. It reacts with these compounds to form hydrazones, which can be easily measured using spectroscopic techniques. This makes it valuable in studies involving metabolic pathways and the analysis of biological samples. Additionally, it is employed in the synthesis of heterocyclic compounds, which are important in the development of pharmaceuticals and agrochemicals. Its role in organic synthesis also extends to the preparation of complex molecules for medicinal chemistry research.