This chemical is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various biologically active compounds, particularly those targeting therapeutic areas such as inflammation, cancer, and infectious diseases. Its structure allows for further chemical modifications, making it a versatile building block in drug discovery. Researchers often employ it to create novel pyrazole derivatives, which are known for their diverse pharmacological properties. Additionally, it finds application in the development of enzyme inhibitors and receptor modulators, contributing to advancements in medicinal chemistry.