Used as a key intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the development of pyrazole-based bioactive compounds. Its ester functionality allows for easy modification, making it valuable in medicinal chemistry for constructing heterocyclic scaffolds. It is employed in the preparation of kinase inhibitors and anti-inflammatory agents. Additionally, it serves as a building block in the design of novel pesticides due to the favorable metabolic stability and lipophilicity imparted by the pyrazole core.