Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals. It is particularly valuable in the development of indole-based drugs, which are known for their diverse biological activities, including anti-inflammatory, anticancer, and antimicrobial properties. Additionally, it plays a role in the synthesis of complex molecules for research purposes, aiding in the study of biochemical pathways and drug discovery. Its hydrazide group makes it a versatile building block for constructing more elaborate chemical structures.