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 selective substitution reactions, making it valuable in constructing complex aromatic compounds. Commonly employed in research settings for developing new drug candidates and in the preparation of heterocyclic compounds through cyclization and coupling reactions. Also utilized in agrochemical synthesis for creating active ingredients in crop protection agents.