Used primarily in organic synthesis, this compound serves as a key intermediate in the production of more complex molecules, particularly in pharmaceutical research. Its structure is valuable for constructing heterocyclic compounds, which are often found in drugs targeting various diseases. Additionally, it is utilized in the development of agrochemicals, contributing to the creation of pesticides and herbicides. Its pyrazole ring makes it a versatile building block in medicinal chemistry, enabling the design of compounds with potential anti-inflammatory, antimicrobial, or anticancer properties.