Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals and agrochemicals. Its hydrazine moiety makes it valuable for constructing heterocyclic structures, which are common in many active drug molecules. It is particularly useful in the synthesis of compounds with potential antibacterial, antifungal, or anti-inflammatory properties. Additionally, it can be employed in the development of dyes and pigments due to its ability to form stable aromatic derivatives. Its application in research focuses on exploring novel bioactive molecules and optimizing synthetic routes for complex organic compounds.