This compound is primarily utilized in organic synthesis as a versatile intermediate for the development of more complex chemical structures. Its pyrazole core makes it valuable in the synthesis of pharmaceuticals, particularly in the creation of compounds with potential anti-inflammatory, analgesic, or antimicrobial properties. Additionally, it serves as a building block in the production of agrochemicals, where it can be incorporated into molecules designed for crop protection or pest control. Its ester functional group allows for further chemical modifications, enabling its use in the development of fine chemicals and specialty materials. Researchers also explore its potential in the synthesis of heterocyclic compounds, which are crucial in medicinal chemistry and drug discovery.