This chemical is primarily utilized in the synthesis of various pharmaceutical compounds due to its structural properties. It serves as a key intermediate in the development of drugs targeting inflammation and pain, as its pyrazole core is known for its anti-inflammatory and analgesic effects. Additionally, it is employed in the production of agrochemicals, particularly in the formulation of herbicides and pesticides, where its heterocyclic structure enhances efficacy. In research, it is used to study enzyme inhibition and receptor interactions, aiding in the discovery of new therapeutic agents. Its carboxylic acid group also makes it a valuable building block in organic synthesis for creating complex molecules.