This compound finds its application primarily in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting central nervous system disorders. Its structure is often utilized in the development of potential drug candidates for conditions like anxiety, depression, and epilepsy. Additionally, it is employed in the design of enzyme inhibitors, where its pyrazole core plays a crucial role in binding to specific protein targets. Researchers also explore its derivatives for anti-inflammatory and analgesic properties, making it a versatile scaffold in drug discovery.