This chemical is primarily used in the field of organic synthesis and medicinal chemistry. It serves as a key intermediate in the development of various biologically active compounds, particularly those targeting enzyme inhibition or receptor modulation. Its structure, featuring both pyrazole and carboxylic acid functional groups, makes it a versatile building block for designing molecules with potential therapeutic applications. Researchers often utilize it in the synthesis of ligands for drug discovery projects, especially in areas such as anti-inflammatory, anticancer, and antimicrobial agent development. Additionally, its derivatives are explored for their potential use in agricultural chemistry, including the creation of novel pesticides or herbicides.