This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of biologically active molecules. Its structure is particularly valuable in the development of pharmaceutical agents, especially those targeting inflammatory and pain-related pathways. Researchers often employ it to create derivatives that can interact with specific enzymes or receptors, potentially leading to the discovery of new therapeutic drugs. Additionally, its pyrazole core makes it a useful scaffold in drug design, enabling the exploration of novel compounds with enhanced efficacy and reduced side effects. Its applications extend to agricultural chemistry as well, where it may be used in the development of crop protection agents.