Hydrazine is a colorless, flammable liquid with a strong ammonia-like odor. It is primarily used as a rocket propellant and in various industrial applications, including the production of pharmaceuticals and agricultural chemicals. Hydrazine is known for its high energy content, making it effective for propulsion in space missions. In addition to its use in aerospace, hydrazine serves as a reducing agent in chemical reactions and can be found in some water treatment processes. However, it is toxic and poses health risks, requiring careful handling and safety precautions to prevent exposure and environmental contamination.