This chemical is primarily utilized in the synthesis of pharmaceutical compounds, particularly in the development of drugs targeting specific biological pathways. It serves as a key intermediate in the production of pyrazole derivatives, which are known for their therapeutic properties, including anti-inflammatory and analgesic effects. Additionally, it is employed in agricultural chemistry for creating crop protection agents, such as herbicides and fungicides, due to its structural versatility and reactivity. Its role in organic synthesis also extends to the preparation of complex molecules for research and industrial applications.