This compound is primarily utilized in the synthesis of pharmaceuticals and agrochemicals due to its versatile structure. It serves as a key intermediate in the production of various active ingredients, particularly in the development of drugs targeting neurological disorders and inflammatory conditions. Its pyrazole moiety is valuable in creating compounds with potential biological activity, making it a crucial building block in medicinal chemistry. Additionally, it is employed in research settings for exploring new chemical entities and optimizing drug candidates. In agrochemical applications, it contributes to the formulation of pesticides and herbicides, enhancing their efficacy and specificity. Its role in organic synthesis also extends to the development of specialty chemicals and fine chemicals used in diverse industrial processes.