Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of anti-inflammatory and antimicrobial agents. Its structure supports the formation of pyrazole-based compounds, which are known for their biological activity. Also employed in coordination chemistry as a ligand for metal ions, aiding in the creation of metal-organic frameworks with potential catalytic or sensing applications. Additionally, it finds use in research settings for designing novel heterocyclic compounds in medicinal chemistry. The monohydrate form enhances crystal stability in synthetic processes.