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 in the synthesis of heterocyclic compounds, which are often active ingredients in drugs. Additionally, it is employed in the development of dyes and pigments due to its ability to form stable azo compounds. In research, it is utilized for studying reaction mechanisms involving hydrazine derivatives. Its role in the preparation of specialized chemicals for industrial applications highlights its versatility.