Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals and agrochemicals. It is particularly valuable in the development of compounds with trifluoromethoxy groups, which enhance biological activity and metabolic stability. Additionally, it is employed in the synthesis of dyes and pigments, where its hydrazine moiety facilitates the formation of azo compounds. Its applications also extend to research settings, where it is utilized in the study of chemical reactions involving hydrazine derivatives.