This compound is primarily utilized in the field of organic synthesis, particularly as an intermediate in the production of more complex chemical structures. It plays a significant role in the development of pharmaceuticals, where it can be incorporated into molecules designed for therapeutic purposes. Additionally, it is employed in the synthesis of agrochemicals, contributing to the creation of pesticides or herbicides that help protect crops from pests and diseases. Its pyrazole core structure makes it valuable in research focused on discovering new bioactive compounds.