This compound is primarily utilized in organic synthesis, particularly in the preparation of various hydrazine derivatives. It serves as a key intermediate in the production of pharmaceuticals, where it is often employed in the synthesis of active pharmaceutical ingredients (APIs) that target specific diseases. Additionally, it is used in the development of agrochemicals, contributing to the creation of pesticides and herbicides that enhance crop protection. Its role in the synthesis of dyes and pigments is also noteworthy, as it helps produce colorants for textiles, plastics, and other materials. In research laboratories, it is a valuable reagent for studying chemical reactions and developing new compounds with potential industrial or medicinal applications.