Used as a key intermediate in the synthesis of pharmaceutical agents, particularly in the development of non-steroidal anti-inflammatory drugs (NSAIDs) and selective COX-2 inhibitors. Its structure supports the modulation of biological activity in drug candidates targeting pain and inflammation. Also employed in agrochemicals for the design of novel pesticides due to its favorable binding properties with biological targets. Commonly utilized in research settings for the construction of pyrazole-based compounds with potential therapeutic applications.