Used as an intermediate in the synthesis of pharmaceutical compounds, particularly in the development of pyrazole-based drugs which exhibit anti-inflammatory, analgesic, and antimicrobial activities. It serves as a building block in medicinal chemistry for constructing heterocyclic frameworks that are common in bioactive molecules. Its functional groups allow for selective modifications, enabling the optimization of pharmacokinetic properties in drug design. Also employed in agrochemical research for developing new crop protection agents due to its reactivity and structural stability.