Used primarily in the synthesis of various pharmaceutical compounds, this chemical serves as a key intermediate in the production of drugs, particularly those with anti-inflammatory and antimicrobial properties. It is also employed in the development of agrochemicals, aiding in the creation of pesticides and herbicides that protect crops from pests and diseases. Additionally, it plays a role in organic synthesis, contributing to the formation of complex molecules used in research and industrial applications. Its versatility makes it valuable in the field of medicinal chemistry, where it is utilized to design and optimize new therapeutic agents.