Used primarily as a key intermediate in the synthesis of pharmaceuticals and agrochemicals. It plays an important role in the development of pyrazole-based bioactive compounds, which exhibit anti-inflammatory, antimicrobial, and insecticidal properties. Its structure allows for easy functionalization, making it valuable in medicinal chemistry for designing new drug candidates. It is also employed in the preparation of herbicides and plant growth regulators due to its ability to influence biological pathways in crops.