Used primarily as an intermediate in the synthesis of various organic compounds, particularly in the production of pharmaceuticals and agrochemicals. It plays a key role in the development of dyes and pigments due to its ability to form stable azo compounds. Additionally, it is employed in research laboratories for the preparation of hydrazone derivatives, which are useful in analytical chemistry for the detection and quantification of carbonyl compounds. Its applications also extend to the field of material science, where it is utilized in the creation of specialized polymers and coatings.