Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of kinase inhibitors and other bioactive molecules. Its structure allows for easy functionalization, making it valuable in medicinal chemistry for constructing more complex drug candidates. It is also employed in agrochemical research for designing new pesticides and herbicides due to its favorable reactivity and stability. Additionally, it serves as a building block in the preparation of pyrazole-containing compounds with potential antimicrobial and anti-inflammatory activities.