Used as a key intermediate in the synthesis of agrochemicals and pharmaceuticals, particularly in the development of pyrazole-based bioactive compounds. Its structure supports the creation of derivatives with insecticidal, fungicidal, or herbicidal properties. Commonly employed in research settings to design novel active ingredients due to its reactive ester group and aromatic core, enabling easy functionalization. Also utilized in medicinal chemistry for constructing heterocyclic libraries in drug discovery programs targeting inflammation and central nervous system disorders.