Used primarily as an intermediate in organic synthesis, this compound serves in the preparation of pharmaceuticals and agrochemicals. Its hydrazine functionality allows it to act as a building block for nitrogen-containing heterocycles, which are common structures in bioactive molecules. It is also employed in the development of specialty chemicals requiring controlled reactivity with carbonyl groups, such as in the formation of hydrazones. Due to its reactivity, it is handled under controlled conditions in research and industrial settings.