Primarily utilized in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals and agrochemicals. It is particularly valuable in the synthesis of heterocyclic compounds, which are essential in developing drugs with therapeutic properties. Additionally, it plays a role in the preparation of dyes and pigments, contributing to the coloration of materials in the textile and printing industries. Its hydrazine moiety makes it a useful reagent in coupling reactions, enabling the formation of complex molecular structures. In research, it is employed in the study of hydrazine derivatives and their potential applications in medicinal chemistry.