Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of active pharmaceutical ingredients (APIs) with anti-inflammatory, analgesic, and antipyretic properties. It serves as a building block in heterocyclic chemistry, enabling the construction of pyrazole-containing compounds that are important in medicinal research. Its ester functionality allows for further chemical modifications, making it valuable in optimizing drug candidates during the discovery phase. Also employed in agrochemical research for designing new crop protection agents due to its ability to enhance molecular diversity in synthetic pathways.