Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals, particularly in the development of drugs targeting the central nervous system. It is also employed in the synthesis of agrochemicals, aiding in the creation of pesticides and herbicides. Additionally, it finds application in the preparation of dyes and pigments, contributing to the coloration of textiles and other materials. Its role in research extends to the study of hydrazine derivatives and their reactivity in chemical reactions.