Used in organic synthesis as a building block for the preparation of various heterocyclic compounds. It serves as a key intermediate in the development of pharmaceuticals, particularly in the synthesis of potential drug candidates targeting neurological disorders and cancer. Its hydrazine moiety makes it valuable for creating hydrazone derivatives, which are explored for their biological activities. Additionally, it is employed in the synthesis of ligands for metal complexes used in catalysis and material science. Its versatility in chemical reactions makes it a valuable tool in medicinal chemistry and drug discovery research.