Used primarily in organic synthesis, this compound serves as a key intermediate in the preparation of various pharmaceuticals and agrochemicals. Its guanidine moiety is particularly valuable in the development of compounds with biological activity, such as enzyme inhibitors and receptor modulators. Additionally, it finds application in the synthesis of dyes and pigments due to its ability to form stable, colored complexes. In research, it is employed as a reagent for studying biochemical pathways and interactions involving guanidine derivatives.