This compound is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of various pharmaceuticals and agrochemicals. Its pyrazole ring structure makes it a valuable building block for designing molecules with potential biological activity.

In medicinal chemistry, it is often employed to develop compounds with anti-inflammatory, antimicrobial, or antifungal properties. Researchers also explore its derivatives for potential use in treating neurological disorders due to its ability to interact with specific biological targets.

Additionally, it finds application in the development of dyes and pigments, where its aromatic and heterocyclic nature contributes to the stability and color properties of the final product. Its versatility in chemical reactions makes it a useful component in creating complex organic molecules for industrial and research purposes.