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 building bioactive molecules. It is also employed in agrochemical research for designing novel pesticides and herbicides due to its stability and reactivity. Additionally, it serves as a building block in the preparation of pyrazole-based fluorescent probes for biochemical imaging.