Used as an intermediate in organic synthesis, particularly in the production of pharmaceuticals and fine chemicals. Its structure allows for functionalization at multiple sites, making it valuable in the development of bioactive molecules. Commonly employed in the synthesis of anticonvulsant and anti-inflammatory agents due to its ability to mimic certain pharmacophores. Also utilized in the preparation of ligands for catalytic reactions and in the construction of more complex aromatic systems through cross-coupling or cyclization reactions.