This chemical is primarily utilized in organic synthesis as a versatile intermediate. It plays a significant role in the preparation of heterocyclic compounds, particularly in the synthesis of pyrazole derivatives, which are valuable in pharmaceutical research. Additionally, it is employed in the development of agrochemicals, contributing to the creation of herbicides and pesticides. Its reactive hydrazine moiety makes it a useful building block for constructing complex molecules in medicinal chemistry, aiding in the discovery of new drug candidates.