Primarily used in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals and agrochemicals. Its structure is particularly valuable in the development of hydrazine derivatives, which are often utilized in the creation of biologically active molecules. The presence of the cyano group enhances its reactivity, making it suitable for constructing complex organic frameworks. Additionally, it finds application in the synthesis of inhibitors and modulators for enzymes and receptors, contributing to drug discovery and development processes. Its versatility also extends to material science, where it can be employed in the preparation of specialized polymers and coatings.