Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of kinase inhibitors and antidiabetic agents. Its structure allows for effective binding in biologically active molecules, making it valuable in medicinal chemistry. Also employed in the preparation of functionalized pyrazole derivatives, which show potential in drug discovery due to their broad biological activity. Additionally, it serves as a building block in the design of novel heterocyclic compounds for research in organic synthesis and pharmacology.