This chemical is primarily utilized in the synthesis of various organic compounds, particularly in the production of dyes and pigments. It serves as a key intermediate in the development of azo dyes, which are widely used in the textile, paper, and leather industries for coloring purposes. Additionally, it finds application in the preparation of pharmaceutical intermediates, contributing to the synthesis of certain active pharmaceutical ingredients (APIs). Its role in chemical research is also notable, where it is employed in the study of hydrazine derivatives and their reactions.