Used primarily as an intermediate in organic synthesis, this compound plays a key role in the development of pharmaceuticals and agrochemicals. Its structure allows for functionalization in multi-step reactions, particularly in the formation of heterocyclic systems. It is valued in medicinal chemistry for enabling the construction of pyrazole-containing derivatives, which are present in bioactive molecules with anti-inflammatory, antimicrobial, and antitumor properties. Additionally, it serves in research settings for designing novel compounds where controlled reactivity and stability are required.