This compound is primarily utilized in organic synthesis as a building block for the development of various pharmaceuticals and agrochemicals. Its hydrazine moiety makes it a valuable intermediate in the preparation of heterocyclic compounds, which are often key components in drug discovery. Additionally, it is employed in the synthesis of biologically active molecules, particularly those targeting specific enzymes or receptors in medicinal chemistry. The methoxy group enhances its reactivity and selectivity in certain chemical reactions, making it useful in the design of complex molecular structures. Its applications also extend to research settings, where it is used to study reaction mechanisms and develop new synthetic methodologies.