Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the production of non-steroidal anti-inflammatory drugs (NSAIDs) and other bioactive molecules. Its structure allows for easy functionalization, making it valuable in building complex organic compounds. Commonly employed in condensation reactions to form heterocyclic compounds, which are prevalent in medicinal chemistry. Also utilized in the development of agrochemicals due to its reactivity and ability to introduce fluorinated groups into target molecules, enhancing metabolic stability and lipophilicity.