This compound is primarily utilized in the field of organic synthesis as a key intermediate for the development of more complex chemical structures. It is particularly valuable in the synthesis of heterocyclic compounds, which are essential in the production of various pharmaceuticals and agrochemicals. Its unique structure allows for the creation of derivatives that can exhibit biological activity, making it a crucial component in drug discovery and development processes. Additionally, it is employed in research settings to study chemical reactions and mechanisms involving pyrazole derivatives, contributing to advancements in medicinal chemistry and material science.