This compound is primarily utilized in organic synthesis as a versatile intermediate. It plays a significant role in the preparation of heterocyclic compounds, which are essential in pharmaceutical research and development. Its hydrazine and pyridinium moieties make it a valuable building block for constructing complex molecules, particularly in the synthesis of biologically active compounds. Additionally, it is employed in the development of agrochemicals and materials science, where its unique structure contributes to the creation of novel polymers and functional materials. Its applications extend to coordination chemistry, where it acts as a ligand to form metal complexes with potential catalytic or medicinal properties.