Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of active pharmaceutical ingredients (APIs) with anti-inflammatory and analgesic properties. It serves as a building block in heterocyclic chemistry, enabling the construction of complex pyrazole derivatives that exhibit biological activity. Its functional groups allow for easy modification, making it valuable in medicinal chemistry for drug design and optimization. Also employed in agrochemical research for developing new crop protection agents due to its ability to enhance molecular stability and bioavailability in target compounds.