Used as a key intermediate in the synthesis of pharmaceutical agents, particularly in the development of anti-inflammatory and analgesic drugs. Its structure supports the design of compounds targeting cyclooxygenase (COX) enzymes, making it valuable in creating non-steroidal anti-inflammatory drugs (NSAIDs). Also employed in agrochemical research for developing herbicides and plant growth regulators due to its ability to modulate biological activity in cellular systems. Its carboxylic acid group allows for easy derivatization, enabling the formation of amides, esters, and salts to enhance bioavailability or target specificity.