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 with modulated biological activity, especially targeting cyclooxygenase (COX) enzymes. Also employed in agrochemical research for creating novel pesticides due to its stability and reactivity. Commonly utilized in medicinal chemistry for structure-activity relationship (SAR) studies to enhance drug potency and selectivity.