Used primarily as a chemical intermediate in organic synthesis, this compound plays a key role in the preparation of nitrogen-containing heterocycles, such as pyrazoles and triazoles, which are important in pharmaceutical and agrochemical industries. It serves as a building block in the development of active pharmaceutical ingredients (APIs), particularly in the synthesis of hydrazine-based drugs. Its reactivity allows for functionalization in multi-step reactions, especially in the formation of hydrazone derivatives used in medicinal chemistry and dye manufacturing. Additionally, it finds use in research laboratories for the development of novel catalysts and ligands in coordination chemistry. Due to its sensitivity and reactivity, it is handled under controlled conditions for specialized synthetic applications.