Used primarily as an intermediate in organic synthesis, this compound plays a crucial role in the production of various pharmaceuticals, including anti-inflammatory and analgesic drugs. It is also employed in the development of herbicides and pesticides, where it acts as a key building block in the synthesis of active ingredients. Additionally, it finds application in the research and development of new chemical entities, particularly in the study of structure-activity relationships for potential therapeutic agents. Its versatility in chemical reactions makes it valuable in the creation of complex organic molecules for industrial and laboratory use.