Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals, particularly in the development of antidepressant and antipsychotic drugs. Its role in the synthesis of hydrazine derivatives is crucial for creating compounds with potential therapeutic effects. Additionally, it is employed in research settings to study chemical reactions involving hydrazine compounds, aiding in the exploration of new chemical pathways and drug discovery. Its application extends to the field of agrochemicals, where it contributes to the synthesis of pesticides and herbicides, enhancing crop protection strategies.