Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of active pharmaceutical ingredients (APIs) with anti-inflammatory and analgesic properties. It serves as a building block in agrochemicals for creating novel pesticides and herbicides due to its stable heterocyclic structure. The compound's carboxylic acid functionality allows for easy derivatization, making it valuable in medicinal chemistry for structure-activity relationship (SAR) studies. It is also employed in the preparation of pyrazole-based ligands for catalysis and material science applications.