This chemical is commonly used as an intermediate in the synthesis of various pharmaceutical compounds. It plays a key role in the production of drugs that target inflammation and pain, particularly in the development of non-steroidal anti-inflammatory drugs (NSAIDs). Additionally, it is utilized in the creation of specialty chemicals for the agrochemical industry, where it contributes to the formulation of pesticides and herbicides. Its structure allows it to act as a building block in organic synthesis, enabling the creation of complex molecules with specific biological activities. In material science, it is sometimes incorporated into polymers to enhance their properties, such as stability or flexibility.