This chemical is primarily utilized in the synthesis of various pharmaceutical compounds due to its pyrazole core, which is a common structural motif in medicinal chemistry. It serves as a key intermediate in the development of drugs targeting inflammation, pain, and other therapeutic areas. Additionally, it is employed in the creation of agrochemicals, such as herbicides and pesticides, where its structure contributes to the efficacy of these products. Its carboxylic acid group allows for further functionalization, making it versatile in organic synthesis and industrial applications.