This chemical is primarily utilized in the synthesis of various pharmaceutical compounds. It serves as a key intermediate in the production of drugs that target specific biological pathways, particularly in the development of anti-inflammatory and analgesic medications. Its unique structure allows for the creation of derivatives that can interact with enzymes or receptors involved in pain and inflammation processes. Additionally, it is employed in research settings to study the biochemical mechanisms of certain diseases, aiding in the discovery of novel therapeutic agents. Its role in organic synthesis also extends to the development of agrochemicals, where it contributes to the creation of compounds with potential pesticidal or herbicidal activity.