Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals and agrochemicals. Its structure allows for the development of compounds with potential biological activity, making it valuable in drug discovery and development. Additionally, it is utilized in the synthesis of dyes and pigments due to its aldehyde functional group, which can undergo further chemical reactions to form complex colorants. Its pyrazole moiety also contributes to its application in creating materials with specific electronic properties, useful in the field of material science.