This compound is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of more complex molecules. Its structure, featuring both a pyrazole ring and a benzoate ester, makes it a versatile building block for the development of pharmaceuticals and agrochemicals. Specifically, it is often employed in the synthesis of compounds with potential biological activity, such as inhibitors or modulators of enzymes and receptors. Additionally, its ester group allows for further chemical modifications, enabling the creation of derivatives with tailored properties for specific applications in drug discovery and material science.