Used as a key intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the development of bioactive molecules with antitumor, antiviral, and antimicrobial properties. Its structure allows for easy functionalization in cross-coupling reactions, making it valuable in medicinal chemistry for building complex heterocyclic compounds. Commonly employed in research settings to introduce the pyrazole moiety into larger molecules, enhancing target selectivity and metabolic stability in drug candidates.