Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals and agrochemicals. It is particularly valuable in the development of hydrazine derivatives, which are essential in creating active ingredients for drugs targeting cardiovascular diseases and central nervous system disorders. Additionally, it plays a role in the synthesis of herbicides and pesticides, contributing to crop protection and agricultural efficiency. Its application in research also extends to the study of hydrazine-based compounds for potential therapeutic and industrial uses.