This compound is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of various pharmaceuticals and agrochemicals. Its structure allows it to act as a building block for the development of compounds with potential biological activity, particularly in the creation of pyrazole derivatives. These derivatives are often explored for their therapeutic properties, such as anti-inflammatory, analgesic, and antimicrobial effects. Additionally, it is used in research settings to study the reactivity and behavior of pyrazole-based molecules, contributing to advancements in medicinal chemistry and drug discovery.