Used as a key intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the development of biologically active compounds. Its structure allows for selective functionalization, making it valuable in constructing pyrazole-based drug candidates. Commonly employed in cross-coupling reactions to form carbon-carbon bonds, it contributes to the creation of complex molecules with potential antifungal, anti-inflammatory, or insecticidal properties. Also utilized in research settings for the design of novel heterocyclic compounds in medicinal chemistry.