This chemical is primarily utilized in the synthesis of various pharmaceutical compounds and agrochemicals. It serves as a key intermediate in the production of pyrazole derivatives, which are known for their biological activities, including anti-inflammatory, antimicrobial, and antifungal properties. In the agrochemical industry, it is used to develop herbicides and pesticides, contributing to effective crop protection. Additionally, its role in organic synthesis allows for the creation of complex molecules used in research and development, particularly in medicinal chemistry for drug discovery and optimization.