This chemical is primarily used in the synthesis of pharmaceuticals and organic compounds. It serves as a key intermediate in the production of various drugs, particularly those targeting central nervous system disorders. Its hydrazine group makes it valuable for creating hydrazone derivatives, which are often utilized in medicinal chemistry for their biological activity. Additionally, it is employed in the development of coordination complexes, which are studied for their potential in catalysis and material science. In research, it is also used as a building block for constructing more complex molecules in organic synthesis.