This chemical is primarily used as an intermediate in the synthesis of various pharmaceuticals and agrochemicals. It plays a crucial role in the development of compounds with potential biological activity, particularly in the creation of pyrazole derivatives. These derivatives are often explored for their antimicrobial, antifungal, and anti-inflammatory properties. Additionally, it is utilized in the production of dyes and pigments, contributing to the coloration of materials in industrial applications. Its versatility in organic synthesis makes it valuable for researchers and manufacturers in the chemical industry.