Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of non-steroidal anti-inflammatory drugs (NSAIDs) and selective COX-2 inhibitors. Its structure allows for easy functionalization, making it valuable in constructing biologically active molecules. Also employed in agrochemical research for designing new pesticides and herbicides due to its aromatic and heterocyclic properties. Commonly utilized in medicinal chemistry for scaffold modification and structure-activity relationship (SAR) studies.