Used as a key intermediate in the synthesis of various organic compounds, particularly in the production of pharmaceuticals and agrochemicals. It plays a significant role in the preparation of heterocyclic compounds, which are essential in drug development. Additionally, it is utilized in the synthesis of dyes and pigments due to its ability to form stable azo compounds. In research, it serves as a reagent for studying hydrazine derivatives and their reactivity in organic reactions. Its applications also extend to the field of material science, where it contributes to the development of novel polymers and functional materials.