Used primarily in organic synthesis, it serves as a key intermediate in the production of various pharmaceuticals and agrochemicals. Its hydrazine moiety makes it valuable for constructing nitrogen-containing heterocycles, which are essential in drug development. Additionally, it is employed in the synthesis of dyes and pigments due to its ability to form stable azo compounds. In research, it is utilized to study reaction mechanisms involving hydrazine derivatives. Its applications also extend to the development of corrosion inhibitors and antioxidants in industrial processes.