Used primarily in the synthesis of organic compounds, particularly in the production of pharmaceuticals and dyes. It serves as a key intermediate in the development of indole derivatives, which are important in the creation of various therapeutic agents, including anti-inflammatory and anticancer drugs. Additionally, it is employed in the preparation of azo dyes, which are widely used in the textile industry for coloring fabrics. Its role in chemical research is also significant, aiding in the study of hydrazine-based reactions and the development of novel chemical entities.