Used primarily in organic synthesis, it serves as a key intermediate in the production of various pharmaceuticals and agrochemicals. Its hydrazine moiety makes it valuable for constructing heterocyclic compounds, which are often found in drugs targeting central nervous system disorders and infections. Additionally, it is utilized in the development of dyes and pigments due to its reactivity with aromatic compounds. In research, it aids in the study of enzyme inhibitors and receptor ligands, contributing to advancements in medicinal chemistry.