Used in organic synthesis as a versatile intermediate for the development of pharmaceutical compounds, particularly in the creation of pyrazole derivatives with potential therapeutic properties. It serves as a key building block in the synthesis of bioactive molecules, including anti-inflammatory, antimicrobial, and anticancer agents. Additionally, it is employed in the preparation of agrochemicals, such as herbicides and fungicides, due to its structural stability and reactivity. Its ester functional group allows for further chemical modifications, making it valuable in medicinal chemistry and drug discovery research.