This compound is primarily utilized in organic synthesis as a versatile intermediate for the preparation of various heterocyclic compounds. Its structure, featuring a pyrazole ring and an ester functional group, makes it suitable for constructing complex molecules in pharmaceutical research. It is often employed in the development of biologically active compounds, particularly in the synthesis of potential drug candidates targeting inflammation, cancer, or other diseases. Additionally, its ester group allows for further chemical modifications, enabling the creation of derivatives with tailored properties for specific applications in medicinal chemistry.