This chemical is primarily utilized in organic synthesis as a versatile intermediate for the development of various heterocyclic compounds. It plays a significant role in the preparation of pharmaceuticals, particularly in the synthesis of potential drug candidates with antimicrobial, anti-inflammatory, or anticancer properties. Additionally, it is employed in the creation of agrochemicals, contributing to the development of pesticides or herbicides. Its reactive hydrazide group allows for further functionalization, making it valuable in the design of novel chemical entities for research and industrial applications.