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 indoles, which are important structures in pharmaceuticals and agrochemicals. Additionally, it is employed in the development of dyes and pigments due to its ability to form stable intermediates. In research, it is utilized for studying reaction mechanisms involving hydrazine derivatives. Its role in analytical chemistry includes use as a derivatizing agent for the detection and quantification of carbonyl compounds in complex mixtures.