This compound is primarily utilized in organic synthesis as a versatile intermediate for the preparation of various heterocyclic compounds, particularly those containing pyridine and hydrazine moieties. It serves as a key building block in the development of pharmaceuticals, where it is often employed in the synthesis of biologically active molecules, including potential drug candidates. Additionally, it is used in the creation of ligands for metal complexes, which can be applied in catalysis or material science. Its structural features make it valuable for constructing complex molecular architectures in medicinal chemistry and chemical research.