Used as an intermediate in the synthesis of pharmaceuticals, particularly in the production of non-steroidal anti-inflammatory drugs (NSAIDs) and analgesics. It serves as a key building block in the development of pyrazolone-based active ingredients due to its ability to form stable complexes and participate in cyclization reactions. Also employed in agrochemical formulations for the development of plant growth regulators and pesticides. Its structural properties make it valuable in research for designing new bioactive molecules and in the preparation of dyes and fluorescent probes for biochemical labeling.