Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of active pharmaceutical ingredients (APIs) with anti-inflammatory and analgesic properties. It serves as a building block in heterocyclic chemistry, enabling the construction of pyrazole-based compounds that are important in medicinal research. Its ester functionality allows for easy modification, making it valuable in structure-activity relationship (SAR) studies during drug discovery. Also employed in agrochemical research for designing new crop protection agents due to the bioactive nature of pyrazole derivatives.