This chemical is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of various pharmaceutical compounds. Its structure, featuring both a pyrazole ring and a methoxyethyl group, makes it valuable for designing molecules with specific biological activities. It is often employed in the development of drugs targeting central nervous system disorders, due to its ability to interact with neurotransmitter systems. Additionally, it is used in the synthesis of agrochemicals, particularly in creating compounds that act as pesticides or herbicides. Its versatility also extends to material science, where it can be incorporated into polymers or coatings to enhance their properties.