This compound is primarily used in organic synthesis and pharmaceutical research. It serves as a key intermediate in the development of various bioactive molecules, particularly in the design of pyrazole-based drugs. Its structure allows for further functionalization, making it valuable in creating compounds with potential anti-inflammatory, antimicrobial, or anticancer properties. Additionally, it is utilized in material science for the synthesis of advanced organic materials, such as ligands for coordination chemistry or building blocks for polymers. Its stability and reactivity make it a versatile tool in chemical research and industrial applications.