This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting inflammation and pain management. Its structural features make it a valuable building block for developing pyrazole derivatives, which are known for their therapeutic potential. Additionally, it is explored in the design of enzyme inhibitors, contributing to drug discovery efforts for treating diseases like cancer and autoimmune disorders. Its applications also extend to agrochemical research, where it is studied for developing novel pesticides and herbicides.