Used as a key intermediate in the synthesis of pyrazole-based pharmaceutical compounds with potential anti-inflammatory and anticancer activities. Its hydrazide functionality allows for further derivatization to form hydrazone derivatives, which are explored in medicinal chemistry for their biological activity. Also employed in research settings to develop new heterocyclic compounds for drug discovery. Shows utility in designing enzyme inhibitors due to its ability to interact with active site residues through hydrogen bonding and π-π stacking interactions.