This compound is primarily utilized in the field of organic synthesis as a key intermediate for the development of more complex chemical structures. Its unique pyrazole core makes it valuable in the synthesis of various heterocyclic compounds, which are often explored for their potential biological activities. Researchers frequently employ it in the creation of novel pharmaceutical agents, particularly in the development of drugs targeting specific enzymes or receptors. Additionally, it serves as a building block in the production of agrochemicals, where its derivatives may exhibit herbicidal or pesticidal properties. Its application in material science is also noteworthy, as it can be used to design functional materials with specific electronic or optical properties.