Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of pyrazole-based drugs with anti-inflammatory, analgesic, and antimicrobial properties. Its structure allows for easy functionalization, making it valuable in medicinal chemistry for creating derivatives that target specific biological pathways. Commonly employed in research settings to design and optimize new active pharmaceutical ingredients (APIs). Also utilized in agrochemical research for developing novel pesticides and herbicides due to its favorable reactivity and stability.