Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of kinase inhibitors and anti-inflammatory agents. Its structure allows for easy functionalization, making it valuable in medicinal chemistry for building complex heterocyclic compounds. It is also employed in the preparation of agrochemicals and functional materials due to its ability to form stable derivatives with biological and electronic activity. Commonly utilized in research settings for constructing pyrazole-containing molecules with potential therapeutic properties.