Primarily used in organic synthesis, this compound serves as a key reagent in the preparation of various hydrazine derivatives. It is particularly valuable in the development of pharmaceuticals, where it acts as an intermediate in the synthesis of active pharmaceutical ingredients (APIs). Additionally, it finds application in the production of agrochemicals, contributing to the creation of herbicides and pesticides. Its role in chemical research is also notable, as it is utilized in the study of hydrazine-based reactions and mechanisms. In some cases, it is employed in the formulation of specialty chemicals for industrial processes, enhancing efficiency and yield.