Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of pyrazole-based drugs with anti-inflammatory, antimicrobial, and antitumor activities. Its structure allows for easy functionalization, making it valuable in medicinal chemistry for designing bioactive molecules. Also employed in agrochemicals to enhance the efficacy of crop protection agents. Additionally, it serves in coordination chemistry as a ligand for metal ions, useful in catalysis and material science applications.