This chemical is primarily utilized in the field of organic synthesis and material science. It serves as a key intermediate in the preparation of various dyes and pigments, particularly those used in textile and paper industries. Its unique structure allows it to act as a coupling agent, enhancing the color fastness and stability of the final products. Additionally, it finds application in the development of advanced materials, such as polymers and coatings, where it contributes to improved thermal and mechanical properties. In research, it is often employed in the study of hydrazide derivatives for their potential biological activities, including antimicrobial and anticancer properties. Its role in analytical chemistry is also notable, where it is used as a reagent for the detection and quantification of specific compounds in complex mixtures.