This compound is primarily utilized in organic synthesis as a versatile intermediate for the development of more complex chemical structures. It is often employed in the production of pharmaceuticals, particularly in the synthesis of active pharmaceutical ingredients (APIs) that require pyrazole derivatives. Its unique structure makes it valuable in the creation of compounds with potential biological activity, such as anti-inflammatory or antimicrobial agents. Additionally, it finds application in agrochemical research for the development of new pesticides or herbicides, where pyrazole-based compounds are known to exhibit effective properties. The ester group in its structure allows for further chemical modifications, making it a useful building block in various synthetic pathways.