This chemical is primarily used in the synthesis of various organic compounds, particularly in the development of pharmaceuticals and agrochemicals. It serves as a key intermediate in the production of pyrazole derivatives, which are known for their biological activities. In medicinal chemistry, it is utilized to create compounds with potential anti-inflammatory, antimicrobial, and anticancer properties. Additionally, it finds application in the design of herbicides and insecticides, contributing to the development of more effective crop protection agents. Its versatility in chemical reactions makes it a valuable building block in research and industrial applications.