Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of kinase inhibitors and other biologically active compounds. Its structure supports the formation of heterocyclic systems important in drug design. Also applied in agrochemicals for the creation of novel pesticides and herbicides due to its reactivity and ability to form stable derivatives. Commonly utilized in research settings for building blocks in medicinal chemistry and in the preparation of functionalized pyrazole derivatives with potential antimicrobial or anti-inflammatory properties.