Used primarily as a reagent in organic synthesis, this compound plays a key role in the preparation of various heterocyclic compounds. It is particularly valuable in the synthesis of triazoles and tetrazines, which are important in the development of pharmaceuticals and agrochemicals. Additionally, it serves as a precursor in the production of energetic materials, such as explosives and propellants, due to its ability to form stable and highly reactive intermediates. In analytical chemistry, it is employed as a derivatization agent for the detection and quantification of carbonyl compounds. Its application extends to the field of coordination chemistry, where it acts as a ligand to form complexes with metal ions, useful in catalysis and material science.