Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various biologically active molecules. It is particularly valuable in the development of inhibitors targeting specific enzymes or receptors, aiding in the study of diseases like cancer and inflammation. Its hydrazinyl group allows for versatile chemical modifications, making it a crucial building block in medicinal chemistry. Additionally, it finds application in the preparation of heterocyclic compounds, which are often explored for their potential therapeutic properties.