Used primarily as a key intermediate in the synthesis of pharmaceuticals and agrochemicals. It plays an important role in the production of non-steroidal anti-inflammatory drugs (NSAIDs), particularly in the development of derivatives like diclofenac. Its electrophilic aromatic structure makes it suitable for condensation and substitution reactions in organic synthesis. Also utilized in the preparation of specialty chemicals and as a building block in the manufacture of certain herbicides and fungicides. Due to its reactivity, it is handled under controlled conditions in industrial settings.