Used primarily in organic synthesis, it serves as a key reagent for the preparation of semicarbazones by reacting with aldehydes and ketones. These semicarbazones are valuable intermediates in the synthesis of various pharmaceuticals and agrochemicals. Additionally, it is employed in analytical chemistry for the identification and characterization of carbonyl compounds due to its ability to form stable derivatives. In material science, it finds application in the development of polymers and resins, where it acts as a cross-linking agent to enhance mechanical properties. Its role in corrosion inhibition is also noteworthy, particularly in protecting metals in industrial environments.