Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of kinase inhibitors and anti-inflammatory agents. Its structure allows for easy functionalization, making it valuable in medicinal chemistry for building bioactive molecules. It is also employed in agrochemical research for designing new pesticides and herbicides due to its favorable reactivity and stability. Additionally, it serves as a building block in the preparation of pyrazole-containing compounds with potential applications in materials science and organic electronics.