This compound is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the development of more complex chemical structures. Its unique pyrazole and benzoic acid components make it valuable for constructing molecules with potential biological activity. Researchers often employ it in the synthesis of pharmaceuticals, particularly in the design of drugs targeting specific enzymes or receptors. Additionally, it finds use in material science for creating specialized polymers or coatings with tailored properties. Its versatility and reactivity make it a useful building block in various research and industrial applications.