Used as a key intermediate in the synthesis of agrochemicals and pharmaceuticals, particularly in the development of bioactive molecules with insecticidal or herbicidal properties. Its functional groups allow for further chemical modifications, making it valuable in constructing complex heterocyclic compounds. Commonly employed in medicinal chemistry research for generating compound libraries aimed at discovering new active ingredients. Also utilized in the preparation of pyrazole-based derivatives that exhibit potential biological activity, including anti-inflammatory and antimicrobial effects.