Used as an intermediate in the synthesis of pharmaceuticals, particularly in the development of anti-inflammatory and analgesic agents. Its structure supports the formation of bioactive molecules due to the presence of both pyrazole and phenolic functionalities. Commonly employed in research for designing new compounds with potential therapeutic effects, including kinase inhibitors and antimicrobial agents. Also utilized in agrochemical research for developing novel pesticides and herbicides owing to its ability to modulate biological activity in target organisms.