The Hive Key open The Hive dungeon.
The Hive is a low to medium-level dungeon aimed at players level 10+. It is a source of Potions of Dexterity, Bottled Honey, and two untiered items, the Honey Scepter and the Orb of Sweet Demise.
Entrances to The Hive are dropped from Warrior Bees at a guaranteed rate, and Wasp Queens (though not guaranteed). Both enemies are found in the midlands.
This dungeon does not need to be completed to earn the ‘Tunnel Rat’ fame bonus.
This dungeon has a much more difficult version called The Nest.