Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of anti-inflammatory and analgesic agents. Its structure supports the formation of pyrazole-based bioactive molecules, which are known for their therapeutic potential. It is also employed in agrochemical research for designing herbicides and plant growth regulators due to its ability to influence biological activity in targeted systems. The compound's carboxylic acid group allows for easy derivatization, making it valuable in medicinal chemistry for creating compound libraries in drug discovery.