Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of active pharmaceutical ingredients (APIs) with anti-inflammatory, analgesic, and antipyretic properties. It serves as a building block in heterocyclic chemistry, enabling the construction of pyrazole-based compounds that are important in medicinal research. Its structure allows for easy functionalization, making it valuable in creating libraries of compounds for drug discovery. Also employed in agrochemical research for designing new pesticides and herbicides due to its ability to modulate biological activity in target organisms.