Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of kinase inhibitors and anti-inflammatory agents. Its structure allows for easy functionalization, making it valuable in medicinal chemistry for designing bioactive molecules. It is also employed in agrochemical research for creating novel pesticides and herbicides due to its ability to enhance binding selectivity in target proteins. Additionally, it serves as a building block in heterocyclic chemistry for constructing complex pyrazole-based compounds with potential applications in materials science and drug discovery.