Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals, particularly in the development of drugs targeting central nervous system disorders. It is also employed in the synthesis of agrochemicals, where it contributes to the creation of compounds with pesticidal or herbicidal properties. Additionally, it finds application in the preparation of dyes and pigments, aiding in the development of colorants for industrial and commercial use. Its role in research includes the study of hydrazine derivatives and their potential biological activities.