Used as a key intermediate in the synthesis of pharmaceutical agents, 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 interact with biological targets. Commonly employed in the preparation of pyrazole-based compounds showing anti-inflammatory, antiviral, and antitumor activities. Its carboxylic acid functionality allows for easy derivatization, enabling the formation of amides and esters used in structure-activity relationship studies. Also utilized in agrochemical research for designing novel pesticides with improved selectivity and efficacy.