Used primarily as an intermediate in organic synthesis, particularly in the preparation of pharmaceuticals and agrochemicals. It serves as a building block in the formation of heterocyclic compounds, which are common structures in many bioactive molecules. Its hydrazine functionality allows it to participate in condensation reactions, making it valuable in the development of dyes, pharmaceuticals, and specialty polymers. Due to its reactivity, it is also employed in research settings for the synthesis of hydrazone derivatives, which have shown potential in medicinal chemistry for their antimicrobial and anticancer properties.