Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of non-steroidal anti-inflammatory drugs (NSAIDs) and COX-2 inhibitors. Its structure allows for easy functionalization, making it valuable in medicinal chemistry for building bioactive molecules. Also employed in agrochemical research for designing new pesticides and herbicides due to its stable aromatic framework and reactivity. Commonly utilized in organic synthesis to prepare pyrazole-based compounds with potential antimicrobial and anticancer activities.