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. Its functional groups allow for easy modification and coupling reactions, making it valuable in medicinal chemistry for drug discovery. Also employed in agrochemical research for designing new pesticides and herbicides due to its structural compatibility with bioactive molecules.