This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various biologically active molecules. It is often employed in the development of pharmaceutical agents, particularly those targeting enzyme inhibition or receptor modulation. Its pyrazole and benzoic acid moieties make it a versatile building block for designing compounds with potential anti-inflammatory, anticancer, or antimicrobial properties. Additionally, it is used in research to explore structure-activity relationships (SAR) in drug discovery, aiding in the optimization of lead compounds for enhanced efficacy and selectivity. Its applications also extend to material science, where it can be incorporated into the design of organic frameworks or coordination polymers.