Used as an intermediate in the synthesis of pharmaceuticals, particularly in the development of kinase inhibitors and anti-inflammatory agents. It serves as a building block in medicinal chemistry due to the presence of the pyrazole ring, which is a common scaffold in drug molecules. Its ester functionality allows for easy modification, enabling the introduction of various substituents for structure-activity relationship studies. Also employed in agrochemical research for designing new pesticides and herbicides owing to the bioactive nature of pyrazole derivatives.