This compound is primarily utilized in the synthesis of complex organic molecules, particularly in the development of pharmaceuticals. Its structure makes it a valuable intermediate in the production of active pharmaceutical ingredients (APIs) that target specific biological pathways. It is often employed in the creation of compounds with potential therapeutic effects, such as inhibitors or modulators of enzymes or receptors. Additionally, its hydrazine and aldehyde functional groups allow it to participate in various chemical reactions, making it versatile in organic synthesis. Researchers also explore its use in the development of novel drugs for treating conditions like cancer, infectious diseases, or neurological disorders, leveraging its ability to form stable and bioactive derivatives.