Used primarily as an intermediate in organic synthesis, particularly in the preparation of heterocyclic compounds. It plays a key role in the production of pharmaceuticals and agrochemicals due to its ability to introduce hydrazine and methylamino functional groups. Commonly employed in the synthesis of pyrazoles, triazoles, and other nitrogen-containing rings which are core structures in many bioactive molecules. Also utilized in the development of certain fungicides and plant growth regulators. Its reactivity makes it valuable in research settings for constructing complex molecules through condensation and cyclization reactions.