Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of kinase inhibitors for cancer treatment. It serves as a building block in medicinal chemistry due to its ability to form stable heterocyclic structures that enhance binding affinity to target proteins. Commonly employed in the preparation of active pharmaceutical ingredients (APIs) where the pyrazole and carboxylic acid functionalities allow for further chemical modifications. Also utilized in research settings for designing new bioactive molecules with anti-inflammatory and antitumor activities.