Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of non-steroidal anti-inflammatory drugs (NSAIDs) and other bioactive molecules. Its structure supports the formation of pyrazole-based compounds known for their analgesic and antipyretic properties. Also employed in agrochemicals for designing herbicides and plant growth regulators due to its ability to modulate biological activity in crops. Additionally, it serves as a building block in coordination chemistry, forming stable complexes with metal ions for use in catalysis and material science.