Used primarily as a reagent in organic synthesis, this compound plays a key role in the preparation of various hydrazine derivatives, which are valuable in the development of pharmaceuticals and agrochemicals. It is often employed in the synthesis of active pharmaceutical ingredients (APIs) due to its ability to form hydrazone linkages, which are crucial in the design of drugs targeting specific biological pathways. Additionally, it serves as an intermediate in the production of dyes and pigments, contributing to the vibrant coloration of textiles and industrial materials. Its application extends to research laboratories, where it is utilized in the study of chemical reactions involving hydrazine and its derivatives.