This compound is primarily utilized in organic synthesis as a key intermediate for the preparation of various heterocyclic compounds. Its hydrazine and nitro functional groups make it valuable in the development of pharmaceuticals, particularly in the synthesis of active pharmaceutical ingredients (APIs) that target specific diseases. Additionally, it is employed in the creation of dyes and pigments due to its ability to form complex structures with color-producing properties. Its reactivity also lends itself to research applications in material science, where it can be used to develop novel polymers or coatings with specialized properties.