Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of kinase inhibitors and other biologically active compounds. Its structure supports the formation of heterocyclic systems common in drug design. Commonly employed in research settings for the preparation of pyrazole-based derivatives with potential anti-inflammatory, anticancer, and antimicrobial properties. Also utilized in agrochemical research for the development of novel pesticides and herbicides due to its reactivity and ability to form stable derivatives.