Used as a key intermediate in the synthesis of pharmaceutical agents, particularly in the development of anti-inflammatory and analgesic compounds. Its structure supports the design of molecules 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 influence biological pathways in pests and weeds. Commonly utilized in medicinal chemistry for structure-activity relationship (SAR) studies to optimize drug candidates.