Used as a key intermediate in the synthesis of pharmaceutical agents, particularly in the development of anti-inflammatory and analgesic drugs. Its structure supports the design of compounds targeting cyclooxygenase (COX) enzymes, making it valuable in creating non-steroidal anti-inflammatory drugs (NSAIDs). Also employed in agrochemical research for developing new herbicides and plant growth regulators due to its stable aromatic and heterocyclic framework. Commonly utilized in medicinal chemistry for structure-activity relationship (SAR) studies involving pyrazole derivatives.