Used primarily as an intermediate in the synthesis of pharmaceuticals and agrochemicals. It serves as a building block in the preparation of heterocyclic compounds, particularly in the development of fluorinated and brominated aromatic systems. Its hydrazine functionality allows for cyclization reactions, making it valuable in the production of dyes, pigments, and bioactive molecules. Commonly employed in research settings for the design of novel compounds with potential antitumor, antimicrobial, or anti-inflammatory activity.