Used as an intermediate in the synthesis of pharmaceutical compounds, particularly in the development of kinase inhibitors and other biologically active molecules. Its structure allows for selective functionalization in drug design, making it valuable in medicinal chemistry research. Commonly employed in the preparation of pyrazole-based derivatives that exhibit anti-inflammatory, anticancer, or antiviral properties. Also utilized in agrochemical research for the development of novel pesticides and herbicides due to its stability and reactivity profile.