This compound is primarily utilized in organic synthesis as a versatile building block for the preparation of more complex molecules. It serves as a key intermediate in the development of pharmaceuticals, particularly in the synthesis of active pharmaceutical ingredients (APIs) that target various therapeutic areas. Its structure, featuring both a pyrazole ring and a tert-butyl carboxylate group, makes it valuable for creating compounds with potential biological activity. Additionally, it is employed in the synthesis of agrochemicals, where it contributes to the development of new pesticides or herbicides. The compound's reactivity and stability under various conditions make it a useful reagent in research and industrial applications.