Used as an intermediate in the synthesis of pharmaceuticals, particularly in the development of active pharmaceutical ingredients (APIs) with anti-inflammatory and analgesic properties. It serves as a building block in heterocyclic chemistry, enabling the construction of more complex pyrazole derivatives. Its hydroxyl and methyl-substituted pyrazole structure makes it valuable in medicinal chemistry for optimizing drug potency and metabolic stability. Also employed in agrochemical research for designing new crop protection agents.