Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of non-steroidal anti-inflammatory drugs (NSAIDs) and analgesic agents. Its structure supports the formation of pyrazolone-based bioactive molecules, which exhibit antipyretic and anti-inflammatory properties. Also employed in agrochemical formulations for crop protection due to its ability to enhance stability and reactivity in active ingredients. Additionally, it serves as a building block in heterocyclic chemistry for creating dyes and functional materials with tunable electronic properties.