Used as a key intermediate in the synthesis of biologically active compounds, particularly in the development of pharmaceuticals targeting central nervous system disorders, inflammatory diseases, antivirals, and treatments for cancer and other chronic conditions. Its hydrazine functionality allows for easy derivatization, making it valuable in constructing nitrogen-rich heterocycles, cyclic hydrazones, and complex derivatives for drug discovery. Commonly employed in the preparation of kinase inhibitors (such as tyrosine kinase inhibitors), antimicrobial and antiviral agents due to its ability to form stable complexes with metal ions, participate in cyclization reactions, and inhibit target enzymes like dehydrogenases. Also utilized in materials science for the development of specialty polymers and sensors, where its redox-active nature contributes to electronic and optical properties.