Used primarily in organic synthesis, this compound serves as a key intermediate in the preparation of various heterocyclic compounds, particularly in the development of pharmaceuticals. It is often employed in the synthesis of benzimidazole derivatives, which have applications in medicinal chemistry due to their biological activities, including anti-inflammatory, antiviral, and anticancer properties. Additionally, it is utilized in research settings for the development of novel chemical entities and as a building block in the creation of complex molecules for drug discovery programs. Its hydrazine moiety makes it a versatile reagent for constructing nitrogen-containing structures.