Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of kinase inhibitors and anti-inflammatory agents. Its structure allows for easy functionalization, making it valuable in medicinal chemistry for designing bioactive molecules. It is also employed in agrochemical research to create pesticides and herbicides due to its ability to enhance binding selectivity in target proteins. Additionally, it serves as a building block in the preparation of pyrazole-based dyes and functional materials.