Used primarily as an intermediate in organic synthesis, this compound plays a key role in the preparation of pharmaceuticals and agrochemicals. Its hydrazine functionality allows it to participate in the formation of heterocyclic systems, such as pyrazoles and triazoles, which are common scaffolds in bioactive molecules. It is also employed in the development of dyes and functional materials where controlled nitrogen release or coupling reactions are required. Due to its reactivity, it is valuable in research settings for constructing complex molecules through selective transformations.