Used primarily in organic synthesis, this compound serves as a key intermediate in the preparation of various pharmaceuticals and agrochemicals. It is particularly valuable in the development of active pharmaceutical ingredients (APIs) due to its ability to introduce hydrazine and halogenated phenyl groups into target molecules. The compound is also employed in the synthesis of heterocyclic compounds, which are essential in drug discovery and development. Additionally, it finds application in the production of dyes and pigments, where its structural properties contribute to the desired color and stability. Its role in research and industrial processes highlights its importance in advancing chemical innovation.