This compound is primarily utilized in pharmaceutical research and development as a key intermediate in the synthesis of biologically active molecules. Its structure is particularly valuable in the design and production of compounds targeting central nervous system disorders, such as anxiety and depression, due to its pyrazolo-pyridine core. Additionally, it serves as a building block in the creation of potential therapeutic agents for cardiovascular diseases. Its hydroxyl and carboxylate functional groups allow for further chemical modifications, enabling the development of diverse drug candidates with optimized pharmacokinetic properties.