This compound is primarily utilized in the field of organic synthesis, where it serves as a versatile intermediate for the preparation of more complex chemical structures. Its pyrazole ring and bromo substituent make it a valuable building block in the development of pharmaceuticals, particularly in the synthesis of active pharmaceutical ingredients (APIs) that target various diseases. Additionally, the presence of the hydroxymethyl group allows for further functionalization, enabling the creation of derivatives with potential biological activity. It is also explored in agrochemical research for the development of new pesticides or herbicides, leveraging its structural features to enhance efficacy and specificity.