Used primarily in pharmaceutical research and development, it serves as a key intermediate in the synthesis of various bioactive compounds. Its hydrazine moiety makes it valuable for constructing heterocyclic structures, often found in drugs targeting neurological and cardiovascular diseases. Additionally, it is employed in the preparation of ligands for metal coordination complexes, which are studied for their potential in catalysis and material science. Its methoxy group enhances solubility and reactivity, making it suitable for organic synthesis and medicinal chemistry applications.