Used in organic synthesis, it serves as a key intermediate for constructing complex molecules, particularly in the development of pharmaceuticals. Its structure is valuable for creating compounds with potential biological activity, such as antioxidants, anti-inflammatory agents, and anticancer drugs. Additionally, it is utilized in the preparation of heterocyclic compounds, which are essential in medicinal chemistry for designing drugs with targeted therapeutic effects. Its hydrazine moiety enables it to participate in various chemical reactions, making it versatile for synthesizing diverse chemical entities.