This chemical is primarily used in the synthesis of pharmaceuticals, particularly in the development of active pharmaceutical ingredients (APIs) for various therapeutic applications. It serves as a key intermediate in the production of compounds that exhibit anti-inflammatory, analgesic, and antipyretic properties. Additionally, it is utilized in the preparation of herbicides and pesticides, contributing to its role in agricultural chemistry. Its versatile structure allows it to be incorporated into complex molecules, making it valuable in organic synthesis and research.