Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of active pharmaceutical ingredients (APIs) with anti-inflammatory and antiviral properties. It serves as a building block in agrochemicals for the production of modern pesticides and herbicides due to its ability to enhance molecular stability and bioavailability. Its structure allows for easy functionalization, making it valuable in medicinal chemistry for drug design and optimization. Also employed in research laboratories for the preparation of pyrazole-based compounds with potential biological activity.