Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of anti-inflammatory and anticancer agents. Its structure supports the creation of more complex molecules with biological activity. Commonly employed in medicinal chemistry for constructing pyrazole-based drug candidates. Also utilized in agrochemical research for designing new pesticides and herbicides due to its favorable reactivity and stability. Serves as a building block in organic synthesis, especially in cross-coupling reactions to form biaryl compounds.