Used as a key intermediate in the synthesis of pharmaceutical agents, particularly in the development of anti-inflammatory and antimicrobial compounds. Its structure allows for selective modification, making it valuable in medicinal chemistry for optimizing drug candidates. It has also been explored in the design of kinase inhibitors due to its ability to interact with specific enzyme active sites. Additionally, it serves as a building block in heterocyclic chemistry for creating complex pyrazole-based molecules with potential biological activity.