Used primarily in the synthesis of pharmaceuticals, it serves as a key intermediate in the production of various drugs, particularly those targeting cardiovascular and central nervous system disorders. Its sulfonic acid group enhances solubility, making it valuable in formulations requiring improved bioavailability. Additionally, it is employed in the development of agrochemicals, contributing to the creation of herbicides and pesticides with enhanced efficacy. In research, it is utilized for studying enzyme inhibition and receptor binding due to its structural properties. Its versatility also extends to the production of specialty chemicals used in industrial applications.