Used in organic synthesis as a building block for the preparation of various heterocyclic compounds, particularly in the development of pharmaceuticals and agrochemicals. It serves as a key intermediate in the synthesis of biologically active molecules, such as potential drug candidates targeting neurological disorders or cancer. The compound is also employed in the production of dyes and pigments due to its ability to form stable azo compounds. Additionally, it finds application in research laboratories for studying hydrazine derivatives and their reactivity in chemical reactions.