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 the preparation of pyrazole-containing drug candidates, which are common in treatments for arthritis and other pain-related conditions. Its hydroxyl group allows for easy functionalization, enabling chemists to attach various moieties to optimize drug efficacy and selectivity. Also employed in research settings for the design of novel heterocyclic compounds in medicinal chemistry.