Used as a key intermediate in the synthesis of agrochemicals, particularly in the production of certain herbicides and insecticides. Its structure allows for easy functionalization, making it valuable in building active ingredients that target specific plant or pest biological pathways. It is also employed in the development of pharmaceuticals where pyrazole derivatives show biological activity, including anti-inflammatory or antimicrobial effects. Additionally, it serves as a building block in organic synthesis for creating more complex heterocyclic compounds used in research and industrial applications.