Used primarily in organic synthesis, it serves as a key intermediate in the production of various pharmaceuticals and agrochemicals. Its hydrazide functional group makes it valuable for constructing heterocyclic compounds, which are often active ingredients in drugs targeting inflammation, infections, or cancer. Additionally, it is employed in the development of dyes and pigments due to its aromatic structure, which can enhance color stability and intensity. In research, it is utilized to study reaction mechanisms and develop novel chemical entities with potential therapeutic applications.