Used as an intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the development of heterocyclic compounds with biological activity. It serves in the preparation of benzoxazole-based derivatives that exhibit antimicrobial, antifungal, and antiviral properties. Also employed in coordination chemistry as a ligand for metal complexes in catalysis and material science. Its hydrazine functionality allows for derivatization into hydrazones, which are valuable in medicinal chemistry and dye manufacturing.