Used as an intermediate in the synthesis of pharmaceutical compounds, particularly in the development of kinase inhibitors for cancer treatment. It serves as a building block in medicinal chemistry due to its ability to form hydrogen bonds and participate in aromatic interactions, enhancing binding affinity to target proteins. Also employed in the preparation of anti-inflammatory and analgesic agents owing to its structural similarity to known bioactive pyrazoles. Its derivative compounds are investigated for potential use in treating neurodegenerative diseases and metabolic disorders.