This compound is primarily used in the field of organic synthesis, where it serves as a versatile intermediate for the development of various heterocyclic compounds. Its pyrazole core structure makes it valuable in the synthesis of pharmaceuticals, particularly in the design of drugs targeting neurological disorders and inflammation. Additionally, it is employed in agrochemical research for the development of new pesticides and herbicides, leveraging its ability to interact with biological systems. The ester functional group in the molecule allows for further chemical modifications, making it a useful building block in medicinal chemistry and material science.