Used primarily in organic synthesis, this compound serves as a key reagent in the preparation of various hydrazine derivatives. It is often employed in the development of pharmaceuticals, particularly in the synthesis of active pharmaceutical ingredients (APIs) that target specific biological pathways. Additionally, it finds application in the production of dyes and pigments, where it acts as an intermediate to create complex colorants. In research, it is utilized to study chemical reactions involving hydrazine groups, aiding in the understanding of reaction mechanisms and kinetics. Its role in analytical chemistry includes use as a derivatizing agent to enhance the detection of certain compounds in analytical techniques.