Used primarily in organic synthesis, it serves as a key reagent for the preparation of various heterocyclic compounds. It is particularly valuable in the synthesis of pyrazole derivatives, which are important in pharmaceutical research for developing drugs with anti-inflammatory, antimicrobial, and anticancer properties. Additionally, it is employed in the creation of coordination complexes with metals, which can be utilized in catalysis and material science. Its hydrazine moiety also makes it useful in the modification of polymers and the development of advanced materials.