This compound is primarily utilized in the field of organic synthesis as a versatile intermediate for the development of various heterocyclic compounds. Its pyrazolopyridine core structure makes it valuable in the design and synthesis of bioactive molecules, particularly in pharmaceutical research. It is often employed in the creation of potential drug candidates targeting neurological disorders, inflammation, and other therapeutic areas due to its ability to interact with biological targets. Additionally, it serves as a key building block in the preparation of agrochemicals, contributing to the development of new pesticides or herbicides. Its ester functionality allows for further chemical modifications, enabling the synthesis of diverse derivatives with tailored properties.