Used as an intermediate in the synthesis of pharmaceuticals, particularly in the development of anti-inflammatory and cardiovascular drugs. Its structure allows for modification into active compounds that can influence metabolic pathways. Commonly employed in research settings to design new drug candidates due to its favorable reactivity and stability. Also utilized in the preparation of prodrugs, enhancing bioavailability of active ingredients. Shows potential in agrochemical applications as a building block for herbicides and plant growth regulators.