Used as a key intermediate in the synthesis of biologically active heterocyclic compounds, particularly in the development of pharmaceuticals with potential anticancer, antimicrobial, and anti-inflammatory properties. Its structure allows for easy functionalization, making it valuable in medicinal chemistry for constructing pyrazole-based drug candidates. It is also employed in the preparation of Schiff bases, which are studied for their enzyme inhibitory activities. Additionally, it serves as a building block in agrochemical research for designing new pesticides and herbicides.