Used as a key intermediate in the synthesis of pharmaceutical agents, particularly in the development of anti-inflammatory and antimicrobial compounds. Its structure supports the design of bioactive molecules due to the presence of both furan and pyrazole rings, which are known for their pharmacological activity. It is also employed in agrochemical research for creating novel pesticides with improved efficacy and selectivity. Additionally, it serves as a building block in heterocyclic chemistry for constructing complex molecules in medicinal chemistry research.