Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of kinase inhibitors and antiviral agents. Its structure allows for easy functionalization, making it valuable in medicinal chemistry for building bioactive molecules. Commonly employed in the preparation of pyrazole-based compounds with potential anticancer, anti-inflammatory, and antimicrobial activities. Also utilized in agrochemical research for designing novel pesticides and herbicides due to its ability to enhance molecular binding and selectivity.