This compound is primarily used in the synthesis of pharmaceutical intermediates, particularly in the development of bioactive molecules. Its structure, featuring a pyrazole ring, makes it a valuable building block in medicinal chemistry for creating compounds with potential therapeutic effects. It is often employed in research focused on anti-inflammatory, antimicrobial, or anticancer agents due to its ability to interact with biological targets. Additionally, its ester functional group allows for further chemical modifications, enabling the creation of diverse derivatives for drug discovery and optimization.