This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various biologically active molecules. Its structure is particularly valuable in the development of pharmaceutical agents targeting specific enzymes or receptors, often in the context of drug discovery and optimization. Researchers leverage its pyrazolo[3,4-b]pyridine core to design compounds with potential therapeutic applications, such as anti-inflammatory, anticancer, or antiviral agents. Additionally, it serves as a building block in organic synthesis, enabling the creation of more complex heterocyclic compounds with diverse pharmacological properties. Its ester functional group also allows for further chemical modifications, making it a versatile tool in the development of novel drug candidates.