Used primarily in pharmaceutical research and development, this compound serves as a key intermediate in the synthesis of various biologically active molecules. Its structure is valuable for creating pyrazole derivatives, which are often explored for their potential therapeutic properties, including anti-inflammatory, antimicrobial, and anticancer activities. Additionally, it is utilized in agrochemical research to develop novel pesticides and herbicides. The compound’s reactivity and functional groups make it a versatile building block in organic synthesis, particularly in the design of heterocyclic compounds with diverse applications.