This chemical is primarily utilized as a versatile reagent in organic synthesis, particularly in the formation of hydrazine derivatives. It serves as a key intermediate in the preparation of various pharmaceuticals, agrochemicals, and fine chemicals. Its role in coupling reactions is significant, enabling the formation of carbon-nitrogen bonds, which are essential in constructing complex molecular structures. Additionally, it is employed in the synthesis of heterocyclic compounds, which are widely used in medicinal chemistry for developing drugs with therapeutic properties. Its stability and reactivity make it a valuable component in research and industrial applications, contributing to advancements in chemical synthesis and material science.