This chemical 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 carboxylic acid group, makes it valuable for constructing pharmacologically active compounds. It is often employed in the development of pharmaceuticals, particularly in the synthesis of drugs targeting inflammation, pain, and certain neurological disorders. Additionally, its methoxyethyl group enhances solubility and bioavailability, making it a useful component in drug design. Researchers also explore its potential in agrochemical applications, such as the development of pesticides or herbicides, due to its ability to interact with biological systems.