Used as a key intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the development of kinase inhibitors and antitumor agents. Its structure allows for selective functionalization, making it valuable in building complex heterocyclic compounds. Commonly employed in cross-coupling reactions such as Suzuki and Heck reactions to form carbon-carbon bonds in drug discovery pipelines. Also utilized in the preparation of pyrazole-based bioactive molecules with potential antimicrobial and anti-inflammatory properties.