Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the production of non-steroidal anti-inflammatory drugs (NSAIDs) and related analgesic compounds. Its structure allows for easy functionalization, making it valuable in building complex organic molecules. Commonly employed in heterocyclic synthesis, especially for constructing pyrazole and isoxazole rings, which are prevalent in bioactive molecules. Also utilized in agrochemical research for developing new active ingredients in crop protection agents due to its reactivity and ability to form carbon-carbon bonds under mild conditions.