Used as a key intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the development of pyrazole-based bioactive compounds. Its structure supports the creation of derivatives with insecticidal, fungicidal, and anti-inflammatory properties. Commonly employed in medicinal chemistry for structure-activity relationship (SAR) studies due to the presence of reactive aldehyde and electron-withdrawing groups, enabling diverse functionalization. Also utilized in the preparation of fluorescent probes and sensors owing to its aromatic and electron-deficient framework.