Used in organic synthesis, particularly in the preparation of heterocyclic compounds. It serves as a key intermediate in the development of pharmaceuticals and agrochemicals. The compound is often employed in the synthesis of hydrazone derivatives, which are valuable in medicinal chemistry for their biological activities. Additionally, it is utilized in research settings for the study of chemical reactions involving hydrazine derivatives. Its applications extend to the development of dyes and pigments, where it acts as a precursor in the formation of complex organic molecules.