Used primarily in organic synthesis, this compound serves as a versatile intermediate for the preparation of various heterocyclic compounds. It is particularly valuable in the development of pharmaceuticals, where it acts as a building block for active pharmaceutical ingredients (APIs). Its hydrazine moiety makes it useful in the synthesis of hydrazones and related derivatives, which are often explored for their biological activities. Additionally, it finds application in the research and development of new drugs targeting neurological disorders, due to its potential role in modulating specific biochemical pathways.