This compound is primarily utilized in the field of organic synthesis as a key intermediate for the production of various pharmaceuticals and agrochemicals. Its pyrazole core structure is particularly valuable in the development of active ingredients for drugs targeting inflammation, pain, and microbial infections. Additionally, it serves as a building block in the synthesis of heterocyclic compounds, which are essential in creating molecules with potential therapeutic properties. Its carboxylic acid group allows for further functionalization, enabling the creation of derivatives with tailored biological activities.