Used primarily as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of selective kinase inhibitors and other bioactive molecules. Its structure allows for efficient coupling reactions in medicinal chemistry, making it valuable in the creation of potential anticancer and anti-inflammatory agents. The hydrazine functionality serves as a versatile handle for further derivatization, enabling the construction of heterocyclic systems such as triazoles and pyrazoles. It is also employed in research settings for the preparation of labeled compounds and probes for biological studies.