Used primarily in organic synthesis as a reagent for the preparation of various heterocyclic compounds. It serves as a key intermediate in the synthesis of hydrazones, which are valuable in the development of pharmaceuticals and agrochemicals. The compound is also employed in the study of reaction mechanisms, particularly in the formation of carbon-nitrogen bonds. Additionally, it finds application in analytical chemistry as a derivatization agent for the detection and quantification of specific organic compounds. Its role in the synthesis of Schiff bases and other nitrogen-containing compounds makes it significant in material science for creating polymers and coatings with specialized properties.