This chemical is primarily used in the synthesis of pharmaceutical compounds, particularly in the development of drugs targeting central nervous system disorders. It serves as a key intermediate in the production of certain analgesics and anti-inflammatory medications. Additionally, it is utilized in research settings for the creation of novel heterocyclic compounds, which are studied for their potential biological activities. Its structure makes it valuable in organic synthesis, especially in reactions involving the formation of pyrazole derivatives, which are important in medicinal chemistry.