Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of kinase inhibitors and other biologically active compounds. Its structure supports the formation of heterocyclic systems common in drug design. Commonly employed in medicinal chemistry for constructing pyrazole-based scaffolds, which are found in anti-inflammatory, anticancer, and antiviral agents. Also utilized in agrochemicals for the development of novel pesticides and herbicides due to its reactivity and ability to form stable derivatives. Additionally, serves as an intermediate in the synthesis of fluorescent compounds for laboratory diagnostics.