Used primarily in organic synthesis, this compound serves as a key reagent in the preparation of various heterocyclic compounds. It is particularly valuable in the synthesis of indole derivatives, which are important intermediates in the production of pharmaceuticals and agrochemicals. Additionally, it finds application in the development of dyes and pigments due to its ability to form stable diazonium salts. In research, it is employed to study hydrazine-based reactions and to explore new pathways for creating complex organic molecules. Its role in the synthesis of biologically active compounds makes it a significant tool in medicinal chemistry.