Used in organic synthesis as a key intermediate for the preparation of various heterocyclic compounds. It plays a significant role in the development of pharmaceuticals, particularly in the synthesis of biologically active molecules. Its hydrazine moiety makes it valuable for constructing hydrazone derivatives, which are often explored for their potential therapeutic applications. Additionally, it is utilized in the production of dyes and pigments due to its ability to form stable aromatic structures. Researchers also employ it in the study of chemical reactions involving hydrazine derivatives, contributing to advancements in medicinal chemistry and material science.