Used primarily in the synthesis of agrochemicals, it serves as a key intermediate in the production of herbicides and pesticides. Its role is crucial in developing compounds that effectively control weed growth and protect crops from pests. Additionally, it finds application in the pharmaceutical industry, where it is utilized in the creation of various therapeutic agents, particularly those targeting parasitic infections. The chemical's ability to form stable hydrazide linkages makes it valuable in organic synthesis, enabling the construction of complex molecules with specific biological activities.