Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of kinase inhibitors for cancer treatment. It serves as a building block in medicinal chemistry due to its ability to form stable heterocyclic structures that interact with biological targets. Commonly employed in research settings for designing anti-inflammatory and antitumor agents. Its functional groups allow for easy modification, enabling the creation of diverse compound libraries for drug discovery. Also utilized in the preparation of pyrazole-based derivatives with potential activity in metabolic and neurodegenerative diseases.