Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of kinase inhibitors and anti-inflammatory agents. Its structure allows for easy functionalization, making it valuable in medicinal chemistry for building bioactive molecules. Commonly employed in the preparation of pyrazole-based compounds with potential antitumor, antiviral, and analgesic activities. Also utilized in agrochemical research for designing novel pesticides and herbicides due to its aromatic and heterocyclic characteristics.