Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various heterocyclic compounds. It is particularly valuable in the development of pharmaceuticals, where it contributes to the creation of molecules with potential therapeutic properties. Additionally, it finds application in the synthesis of agrochemicals, aiding in the formulation of pesticides and herbicides. Its hydrazide functionality makes it a versatile reagent for constructing complex chemical structures in research and industrial settings.