Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the production of non-steroidal anti-inflammatory drugs (NSAIDs) and selective COX-2 inhibitors. Its structure supports the development of bioactive molecules due to the presence of reactive hydroxyl and pyrazole groups. Commonly employed in medicinal chemistry for building blocks in heterocyclic compounds. Also utilized in agrochemicals for the development of pesticides and herbicides owing to its stability and functional versatility. Suitable for research in drug discovery and development of novel therapeutic agents.