This chemical is primarily utilized in the synthesis of various pharmaceutical compounds, particularly as an intermediate in the production of active pharmaceutical ingredients (APIs). It plays a key role in the development of drugs targeting inflammation and pain, often serving as a precursor in the creation of non-steroidal anti-inflammatory drugs (NSAIDs). Additionally, it is employed in organic synthesis for the preparation of complex molecules in research and industrial settings, contributing to advancements in medicinal chemistry and drug discovery. Its application is also seen in the development of agrochemicals, where it aids in the creation of pesticides and herbicides.