Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the production of anti-inflammatory and analgesic drugs. It serves as a building block for heterocyclic compounds, which are essential in medicinal chemistry. In the agrochemical industry, it is employed in the development of pesticides and herbicides due to its reactivity and ability to form complex structures. Additionally, it is utilized in organic synthesis for creating flavors and fragrances, contributing to the formulation of various consumer products. Its chelating properties make it valuable in metal ion coordination chemistry, aiding in the study of catalysis and material science.