This compound is primarily utilized in the field of organic synthesis and pharmaceutical research. It serves as a key intermediate in the development of various bioactive molecules, particularly those targeting neurological and inflammatory disorders. Its structure, featuring a pyrazole ring, makes it valuable in designing inhibitors for specific enzymes or receptors. Additionally, it is explored in the creation of novel materials with potential applications in optoelectronics due to its aromatic and heterocyclic properties. Researchers also investigate its use in agrochemicals for developing new pesticides or herbicides, leveraging its chemical stability and reactivity.