Used as an intermediate in the synthesis of pharmaceuticals, particularly in the development of non-steroidal anti-inflammatory drugs (NSAIDs) and cannabinoid receptor modulators. It plays a role in research related to pain management and inflammation due to its structural similarity to known bioactive pyrazole derivatives. Also utilized in agrochemical research for developing new pesticide formulations owing to its stability and reactivity profile. Commonly employed in medicinal chemistry for structure-activity relationship (SAR) studies targeting central nervous system disorders.