Used in organic synthesis as a building block for the preparation of various heterocyclic compounds, particularly in the development of pharmaceuticals. It serves as a key intermediate in the synthesis of biologically active molecules, including potential drugs targeting neurological disorders and cancer. Its hydrazine moiety allows for versatile chemical reactions, such as condensation and cyclization, making it valuable in medicinal chemistry research. Additionally, it may be employed in the development of agrochemicals and dyes due to its reactive functional groups.