Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals. It is particularly valuable in the synthesis of heterocyclic compounds, which are essential in developing drugs with anti-inflammatory, antimicrobial, and anticancer properties. Additionally, it is employed in the preparation of dyes and pigments, contributing to the coloration of textiles and other materials. Its hydrazine group makes it a useful reagent in coupling reactions, facilitating the formation of complex organic molecules.