Primarily used in the synthesis of pharmaceutical compounds, this chemical serves as a key intermediate in the production of various drugs. It is particularly valuable in the development of anti-inflammatory and analgesic medications, where its structural properties enhance the efficacy of the final product. Additionally, it finds application in agrochemical research, aiding in the creation of pesticides and herbicides that target specific plant pathogens. Its unique chemical structure allows for precise modifications, making it a versatile component in organic synthesis and drug discovery processes.