This chemical is primarily used as an intermediate in the synthesis of various pharmaceutical compounds. It plays a crucial role in the production of active pharmaceutical ingredients (APIs) for medications targeting specific diseases. Additionally, it is utilized in the development of agrochemicals, particularly in the creation of herbicides and pesticides, due to its reactive functional groups that enable effective modification. Its sulfonyl and carboxylic acid groups make it valuable in organic synthesis, facilitating the creation of complex molecules with potential applications in research and industrial chemistry.