Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the production of non-steroidal anti-inflammatory drugs (NSAIDs) and other bioactive molecules. Its structure allows for easy functionalization, making it valuable in medicinal chemistry for building more complex molecules. Also employed in the development of agrochemicals, including herbicides and fungicides, due to its stability and reactivity. The electron-withdrawing groups enhance its utility in cross-coupling reactions and heterocycle formation during drug discovery processes.