This chemical is primarily utilized in the field of organic synthesis, particularly in the development of advanced materials. It serves as a key intermediate in the production of polymers and liquid crystals, which are essential for display technologies. Its structure allows for the creation of high-performance materials with specific optical and thermal properties. Additionally, it is employed in research for designing novel organic compounds with potential applications in pharmaceuticals and agrochemicals. Its hydrazide group makes it a valuable component in the synthesis of heterocyclic compounds, which are often explored for their bioactive properties.