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 drugs targeting central nervous system disorders, including antipsychotic and antidepressant medications. Additionally, it plays a role in the synthesis of agrochemicals, contributing to the creation of pesticides and herbicides. Its hydrazine group enables it to participate in condensation reactions, making it useful for constructing complex heterocyclic structures in medicinal chemistry research.