This chemical is primarily used in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various biologically active compounds, particularly those targeting inflammatory and metabolic disorders. Its pyrazole core structure is often exploited in the design of inhibitors for enzymes like cyclooxygenase (COX) and lipoxygenase (LOX), which are involved in inflammation pathways. Additionally, its carboxylic acid group allows for further functionalization, making it a versatile building block for drug candidates. Researchers also explore its potential in agrochemical applications, where it may contribute to the development of novel herbicides or pesticides due to its structural properties.