Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals and agrochemicals. Its hydrazine moiety makes it valuable for constructing heterocyclic structures, which are often found in active pharmaceutical ingredients. It is particularly useful in the synthesis of antifungal and antibacterial agents. Additionally, it plays a role in the development of dyes and pigments due to its ability to form stable azo compounds. Its application in research also extends to the study of reaction mechanisms and the development of novel synthetic pathways.