This compound is primarily utilized in organic synthesis as a versatile building block for the development of more complex molecules. Its structure, featuring both an iodo-substituted pyrazole ring and an ester functional group, makes it valuable in the creation of pharmaceuticals and agrochemicals. The iodine atom allows for further functionalization through cross-coupling reactions, such as Suzuki or Sonogashira couplings, enabling the introduction of various substituents. Additionally, the ester group can be hydrolyzed or reduced, offering pathways to carboxylic acids or alcohols, respectively. This chemical is particularly useful in medicinal chemistry for designing drug candidates with potential biological activity, especially in targeting specific enzymes or receptors. Its applications also extend to material science, where it can be incorporated into polymers or used in the synthesis of advanced materials with tailored properties.