Used primarily in the synthesis of organic compounds, it serves as a key intermediate in the production of pharmaceuticals, particularly in the development of anti-inflammatory and analgesic drugs. Its structure is leveraged in creating derivatives that exhibit biological activity. Additionally, it finds application in agrochemicals for formulating herbicides and pesticides. In research, it is utilized to study reaction mechanisms and to develop new synthetic pathways in organic chemistry. Its versatility makes it valuable in industrial and laboratory settings for various chemical transformations.