Used as a key intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the development of bioactive molecules with anti-inflammatory, antimicrobial, and anticancer properties. Its structure serves as a building block in heterocyclic chemistry, enabling the construction of more complex pyrazole derivatives. It is also employed in cross-coupling reactions, such as Suzuki and Heck reactions, to form carbon-carbon bonds for drug discovery and material science applications.