Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various dyes and pigments. It is particularly valuable in the synthesis of azo dyes, which are widely used in the textile, paper, and leather industries for coloring purposes. Additionally, it plays a role in the development of pharmaceuticals, where it is utilized in the creation of specific active pharmaceutical ingredients (APIs) that target various medical conditions. Its hydrazine moiety makes it a useful building block in the preparation of heterocyclic compounds, which are important in medicinal chemistry and agrochemical research.